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US JOBS Act, Crowdfunding and the SEC

  • 16-07-2012 11:53am
    #1
    cotwold
    Registered Users, Registered Users 2 Posts: 950 ✭✭✭


    For those of you keeping abreast with US law, Obama signed in the JOBS act (Jumpstart our Business Startups) a couple of weeks ago. Part of the act allows for equity to be sold via crowdfunding.

    Previously this was prohibited by the Securities and Exchange commission's rule that all equity sales had to be registered with them.

    I was wondering if anyone could tell me what body or law regulates such transactions in Ireland? And other countries for that matter. The international community hardly just follows the US SEC. :confused:


Comments

  • #2
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,632 ✭✭✭✭Marcusm


    cotwold wrote: »
    For those of you keeping abreast with US law, Obama signed in the JOBS act (Jumpstart our Business Startups) a couple of weeks ago. Part of the act allows for equity to be sold via crowdfunding.

    Previously this was prohibited by the Securities and Exchange commission's rule that all equity sales had to be registered with them.

    I was wondering if anyone could tell me what body or law regulates such transactions in Ireland? And other countries for that matter. The international community hardly just follows the US SEC. :confused:

    Look up the EU Prospectus Directive and its predecessor relating to te public fifer of securities. Not sure how brought into law in Ireland but was a 1995 UK stat inst on POS regulations.


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