265
edits
Changes
Jump to navigation
Jump to search
has purposes limited to acquiring, holding, and disposing securities issued by a single company in one or more transactions and made pursuant to crowdfunding exemption transaction requirements;
issues only one class of securities;
receives no compensation for such acquisition, holding, or disposition of securities;
is a co-issuer with the company whose securities it holds; and
meets specified requirements related to disclosure obligations and the use of investment advisers.
114-HR4855 Fix Crowdfunding Act (view source)
Revision as of 15:17, 5 April 2017
, 15:17, 5 April 2017no edit summary
A "crowdfunding vehicle" is a company that:
*has purposes limited to acquiring, holding, and disposing securities issued by a single company in one or more transactions and made pursuant to crowdfunding exemption transaction requirements;
*issues only one class of securities;
*receives no compensation for such acquisition, holding, or disposition of securities;
*is a co-issuer with the company whose securities it holds; and
*meets specified requirements related to disclosure obligations and the use of investment advisers.
(Sec. 3) The bill amends the Securities Exchange Act of 1934 to revise the conditions upon which the Securities and Exchange Commission (SEC) shall exempt securities issued in crowdfunding transactions from SEC registration requirements.
