Daily Business Review writer Mike Seemuth spoke to David Scileppi, a leader of Gunster’s securities and corporate governance practice, for the recently published article, “Capital Sources: Rules lag for small stocks offerings law.”
In the article, Seemuth points out that the Securities and Exchange Commission rules for equity crowdunding are now three months past statutory deadline, and that such delays have discouraged the crowdfunding community. Although some sections of the JOBS Act have already been implemented — such as an increase in the number of shareholders, from 500 to 2,000, before a nonbanking company is required to go public — crowdfunding laws may take the longest.
Scileppi notes the SEC has undergone significant change since the proposed rules came out last summer, and that the rules may be finalized in the next three to six months.
Read the entire article: Rules lag for small stocks offerings law (Daily Business Review, 4/10/13)
