SEC Publishes Proposed Rule on Crowdfunding (Fed. Reg.)

The SEC has published a proposed crowdfunding rule in the Federal Register. The proposed rule would provide a framework for the regulation of registered funding portals and brokers that issuers are required to use as intermediaries in the offer and sale of securities pursuant to Securities Act Section 4(a)(6) ("Exempted Transactions").

See: 78 FR 66428.Related news: SEC Issues Proposed Rules to Permit Crowdfunding (Pre-Fed. Reg. Version) (with Delta Strategy Group Summary) (October 23, 2013).