On October 30, 2015, the Securities and Exchange Commission (SEC) issued the final rules related to crowdfunding for select companies. The rules fulfill Title III of the Jumpstart Our Business Startups (JOBS) Act, which was signed into law in 2012.
Crowdfunding platforms typically allow access to broader pools of investors than what a company or individual may find using a more traditional model. Rules on who can invest using a crowdfunding platform are less stringent and the minimum required
investment amount lower.
Learn more about the accounting standard in this MHM Messenger.