11.03.25
Authored by: Ernest E. Badway and Polina Pittell (law clerk) This practice note discusses the regulation of crowdfunding intermediaries. Section 4(a)(6) (15 U.S.C. § 77d) of the Securities Act of 1933, as amended (Securities Act), added by Title III of the JOBS Act (112 P.L. 106, 126 Stat. 306), provides an exemption from the registration... Continue Reading