Dec 7, 2015 • 31M

#330: Experts Explain New Crowdfunding Rules

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Some of the world's great changemakers join host Devin Thorpe to share leadership lessons you can use to increase your impact.
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November 19, 2015 - Read the full Forbes article and watch the interview here: Subscribe to this podcast on iTunes by clicking here: or on Stitcher by clicking here: Late last month, the SEC kept its word from late 2014 when it said it would issue final rules for Regulation Crowdfunding under the JOBS Act by October 2015. [Jump to page 2 to watch the live interview 11/19/15 at 3:00 Eastern.] Todd Crosland, CEO and Founder of Seed Equity Ventures, a broker dealer already operating and doing crowdfunding type equity raises under the SEC’s Regulation D 506(c) rules for general solicitations, says, “ I believe the SEC passing Title III will be a watershed event for both startups and investors. Startups and the general investing public will be forever changed.” Crosland explains the import of the new rules, “The purpose is to allow non accredited investors the ability to invest in startups, which was once only reserved for the elite few.” The rules are final, but they aren’t effective, yet. As Crosland notes, “Once the rules go live on May 16, 2016 and Seed Equity’s platform is approved by the SEC and Finra, non-accredited investors will be able to invest through the Seed Equity platform.” ADVERTISING EnergyFunders will operate as a “platform” rather than as a broker-dealer under the new Regulation Crowdfunding rules, giving ordinary investors an opportunity to invest in oil and gas investments for the first time. EnergyFunders founder Philip Racusin says, “We hope to educate investors and provide them transparent access to an elite asset class which was previously inaccessible for many. We also hope to attract more small operators to use our platform, which will provide them project funding traditionally denied to them by banks.” Read the full Forbes article and watch the interview here: Please consider whether a friend or colleague might benefit from this piece and, if so, share it.