SEC Set to Finalize Crowdfunding Rules

SEC May Hear Jeers as Final Crowdfunding Rules Debut
– Law360

Law360 interviewed Manatt's Brian Korn, a partner in the firm's Capital Markets practice, for an article on the long-awaited rules that the U.S. Securities and Exchange Commission is set to finalize, allowing small companies to raise money through crowdfunding.

Law360 reports that attorneys who specialize in crowdfunding expect the SEC, which has received hundreds of comment letters on the issue, will approve a final rule that is similar to the 585-page proposal it issued two years ago.

Korn told the publication that, unlike other sections of the JOBS Act, Congress gave the SEC little wiggle room in how it would write the crowdfunding rules.

Read the article here