Business LawTom Sharbaugh, The Legal Intelligencer
Does Lack of Crowdfunding Exemption Make Pa. Unfriendly to Startups?
It was hard to miss the widespread news coverage of the new crowdfunding provisions in the Jumpstart Our Business Startups Act of 2012, which is more commonly referred to as the JOBS Act. Title III of the act exempted certain crowdfundings from the registration requirements of the federal securities laws, and the U.S. Securities and Exchange Commission issued proposed regulations in October 2013 to implement the exemption.