Regulation Crowdfunding (Reg CF)
GPTKB entity
Statements (58)
| Predicate | Object |
|---|---|
| gptkbp:instanceOf |
securities regulation
|
| gptkbp:allows |
equity crowdfunding
|
| gptkbp:citation |
gptkb:17_CFR_§_227
|
| gptkbp:dateEnacted |
gptkb:Jumpstart_Our_Business_Startups_Act
2016 |
| gptkbp:enactedBy |
gptkb:U.S._Securities_and_Exchange_Commission
|
| gptkbp:excludes |
full SEC registration
|
| https://www.w3.org/2000/01/rdf-schema#label |
Regulation Crowdfunding (Reg CF)
|
| gptkbp:intermediaryTypes |
broker-dealer
funding portal |
| gptkbp:investorLimit |
non-accredited investors have annual investment limits
|
| gptkbp:issuerLimit |
U.S. companies only
|
| gptkbp:maximumOfferingAmount |
$5 million per 12 months
|
| gptkbp:minimumOfferingPeriod |
21 days
|
| gptkbp:prohibits |
foreign companies from using Reg CF
investment companies from using Reg CF resale of securities for 1 year (with exceptions) |
| gptkbp:purpose |
facilitate capital raising for small businesses
|
| gptkbp:regulates |
offerings to both accredited and non-accredited investors
|
| gptkbp:requires |
gptkb:Form_C_filing
annual reports disclosure of financial condition disclosure of related party transactions disclosure of financial statements reviewed or audited (depending on amount raised) disclosure of business plan disclosure of company officers and directors disclosure of deadline for offering disclosure of financial statements disclosure of fundraising progress disclosure of indebtedness disclosure of intermediary compensation disclosure of investor rights disclosure of legal proceedings disclosure of material risks disclosure of number of employees disclosure of ownership and capital structure disclosure of price per security disclosure of prior offerings disclosure of target offering amount disclosure of tax returns (for certain offerings) disclosure of transfer restrictions disclosure of use of proceeds disclosure of valuation method use of SEC-registered intermediary |
| gptkbp:subject |
gptkb:FINRA_oversight_(for_intermediaries)
gptkb:SEC_enforcement anti-fraud provisions advertising restrictions annual offering limits bad actor disqualification communications rules intermediary registration requirements investment limits based on income and net worth issuer eligibility requirements state blue sky law preemption |
| gptkbp:bfsParent |
gptkb:Wefunder
gptkb:StartEngine |
| gptkbp:bfsLayer |
7
|