By Andrew Ledbetter and Zachary KogutOver the past two decades, the SEC has tried to make it easier for early-stage companies to raise capital, and for main street investors to access those opportunities, by expanding registration exemptions. Regulation Crowdfunding (Reg CF), introduced in 2012, allows companies to raise up to $5 million from non-accredited investors, subject to per investor limitations, through registered online platforms. Regulation A (Reg A), overhauled in 2015, enables compa...
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