Accredited Investor Crowdfunding: New Rules Mean Big Opportunity

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SEC Lifts Ban on General Solicitation: New Rules to Allow Startups to Advertise for Financing

In a historic and long awaited move, the SEC voted 4-1 to implement regulations under Title II of the JOBS Act to lift the 80 year old ban on general solicitation for securities offerings and bringing the securities industry into the internet age. This means that around late September companies will be able to generally advertise their securities offerings, so long as all the purchasers of these securities are Accredited Investors.

Imagine raising $1,000 each from 1,000 investors scattered around the country using advertising combined with an online platform. This will soon be possible!

To use these new rules, however, Companies will be required jump through additional legal hoops, including having to verify the accreditation of their investors by checking tax returns, W-2s or getting certifications from a broker-dealer, lawyer or CPA with personal knowledge.

Companies may also be required to make a filing with the SEC 15 days BEFORE any advertising takes place and they also be required to file all of their advertising material with the SEC. The penalties for violating these rules are severe, including being barred from raising additional funds using Rule 506 for a full year.

In this panel, we'll walk through the new rules and the proposed rules and discuss how you can best position your company to raise financing in this new era.

Agenda:

5:30 - 6:00 pm:  TiE Angels Information Session (Entrepreneurs Only)

6:00 - 7:00 pm:  Networking, Cocktails & Snacks

7:00pm - 8:00 pm:  Panel Discussion

 

Moderator:
Kiran Lingam, General Counsel, SeedInvest

Panel:

Stephen Davis, Partner, Goodwin Procter

Shai Goldman, Venture Partner, 500Startups

Jeffrey Stewart, CEO and Co-Founder, Lenddo


***WARNING: Do not advertise yet. You cannot advertise until September 23.  Please consult your attorney prior to taking any action that may affect your rights.

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  • A former member
    A former member

    was this filmed by chance? couldnt leave my office early enough :/

    October 3, 2013

  • Harry V.

    Outstanding! Thanks to TiE leadership for organizing the event. A job well done! The panel was great and very informative. Thank you Kiran for moderating the panel discussion presented by very knowledgeable and experts in crowdfunding area. I am sure all attendees got a great value out of it.

    October 3, 2013

  • Kiran L.

    Thanks for attending - if you have additional questions, please post them here and we will post responses from the panelists

    October 3, 2013

  • Prema

    Very relevant panelists discussion and good moderator.

    October 2, 2013

  • Alessandro P.

    Fantastic

    October 2, 2013

  • Chris S

    I'm working during the event, but it would be great if someone could tag me afterwards and give me an overview! Enjoy!

    October 1, 2013

  • Anil B.

    Will this event qualify for CLE?

    August 6, 2013

  • Alessandro P.

    Where do paying members (Supporting Members or Charter Members) RSVP?

    August 4, 2013

60 went

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