The passage of the JOBS Act was huge news, both among legal practitioners and in publications aimed at the general public. However, just because the Act's passage was huge news does not mean that its provisions are operative; as this article points out, the SEC still needs to enact new rules to bring many of the Act's provisions (including equity crowdfunding) into effect.
- Summary by FizzLaw Team
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SEC Reminder: Red Light on Crowdfunding