4 Mar 2025
📈SEC Proposes Extension on Crowdfunding Information Collection Rules
Proposed Collection; Comment Request; Extension: Rules 400-404 of Regulation Crowdfunding (Funding Portals)
Summary
The SEC is soliciting comments on the extension of Rules 400-404 under Regulation Crowdfunding, essential for funding portals. These rules require portals to collect and maintain specific information to improve transparency and compliance with federal securities laws, affecting how they operate and report to the Commission.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document outlines compliance requirements for funding portals under Regulation Crowdfunding, mandating information collection that affects operational practices of businesses involved in crowdfunding. This promotes transparency and establishes regulatory obligations, impacting how executives manage ongoing compliance and reporting.