ABA Has 15 Comments on Crowdfunding

The ABA Federal Regulation of Securities Committee submitted a comment letter to the SEC on crowdfunding. Because the SEC has not yet issued any proposed regulations concerning crowdfunding, the Drafting Committee took an expansive view of what the SEC might propose and offered 15 principal recommendations on the various issues potentially arising in connection with Title III (Crowdfunding) of the JOBS Act. Many of the recommendations are requests that the SEC "clarify" a point, "provide guidance," or "consider" an issue. Once regulations are actually proposed by the SEC, the Committee expects to prepare and file a comprehensive letter reviewing and commenting on the proposed regulations.

View letter in full here (Cabinet link).For a compilation of news articles related to the JOBS Act, link to "Current Topics - JOBS Act."