Answers

• Howard Orloff May 14, 2012 03:04 am GMT

  Attached is a link for the FAQ the SEC released on 5/7
  The official rules regulating Equity Crowdfunding will not be released until early Jan 2013
  No shortage of speculation but most is just speculation until the SEC releases the official word
  http://www.crowdfunding-website-reviews.com/sec-crowdfunding-faq/

  Answer source: http://www.crowdfunding-website-reviews.com/sec-crowdfunding-faq/

• Howard Orloff May 14, 2012 03:21 am GMT

  This is actually what I believe you're looking for. Again, final rules will not be established until early 2013:
  
  What Disclosure will be required of small businesses offering an equity crowdfunded offering?
  
  Crowdfunding Intermediaries will be required to perform background checks on issuing companies to reduce fraud and ensure that potential investors understand the risks involved. In addition, the issuing company will need to publicly disclose information related to the offering, such as their business model, the company’s capital structure, plans for the funds, and a description of the financial condition of the issuing company for the preceding years. The level of detail varies depending on the size of the offering: companies raising over $500,000 will have to provide audited financial statements, where companies raising between $100,000 and $500,000 will need reviewed financial statements and finally companies raising under $100,000 will need provide self-certified financial statements and the company’s latest tax return. Additionally, issuers will not be allowed to advertising the crowdfunding offering, except for directing potential investors to its funding portal or broker-dealer.

  Answer source: http://www.crowdfunding-website-reviews.com/requirements-for-equity-crowdfunding/

• douglas halperin May 14, 2012 11:18 am GMT

  thank you