Much ink (both digital and physical) has been spilled about the proper contours of a crowdfunding securities exemption. Throughout most of the time said ink has been spilling, the Senate has not passed any exemption whatsoever to enable crowdfunding. This article looks to Regulation D, commonly used by angel investors, venture capital firms and other sophisticated investors for guidance about what a closer-to-ideal crowdfunding exemption would look like.
- Summary by FizzLaw Team
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A viable crowdfunding exemption needs to be as simple as Reg D