Past Meetup

Equity Crowdfunding 101 - The new SEC and FINRA rules

This Meetup is past

14 people went

Price: $15.00 /per person
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Crowdfunding is an evolving method of raising capital that has been used to raise funds through the Internet for a variety of projects. Title III of the JOBS Act created a federal exemption under the securities laws so that this type of funding method can be used to offer and sell securities.

Mike Liles and Stephen McKay will be presenting on the recent SEC and FINRA rules adopted to implement Title III of the JOBS Act, popularly known as ‘crowdfunding.’ The rules, once live, will enable companies to sell their securities to the general public through funding portals and registered broker/dealers. The presenters will attempt to distill down the more than 700 pages of rules and commentary released by the SEC and FINRA into something that investors can take away so that they will understand the basic functions of how a crowdfunded offering ought to take place.

SPECIFIC ELEMENTS TO BE DISCUSSED: What is it not? So what is it? Who can participate as an issuer? Who can participate as an investor? What disclosure must an issuer make? Where do ‘sales’ happen? When can regulation crowdfunding start? How is Regulation Crowdfunding different than current exemptions? How is this all going to work?

Mike Liles, Jr.

Mike Liles, Jr. is a member of the Corporate Finance Practice Group of Karr Tuttle Campbell's Business and Finance Department. He has been the primary legal adviser in over 30 major public offerings, the majority of them initial public offerings, and an equal number of major mergers and acquisitions. As lead counsel he has also advised on strategies, negotiated transactions and prepared documentation for private placements, bridge financings, venture financings, public company regulatory compliance, proxy contests, strategic alliances, joint ventures, protection of intellectual property, officer and director risk management, employment, incentive and termination of key personnel, and corporate governance. In recent years Mr. Liles has been active in the resolution of administrative actions by securities regulators.

Stephen S. McKay

Stephen S. McKay focuses his practice on business transactions and securities matters, including Exchange Act reporting and compliance. In addition he has experience assisting clients with real estate transactional matters. He has advised both private and public companies on a wide variety of business-related needs, ranging from structuring start-ups, advising early-stage companies in venture backed financing rounds, and advising public company clients during acquisitions. Mr. McKay is currently a member of the Washington State and King County Bar Associations.