By Andrew Ledbetter and Zachary Kogut
Over 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 companies to raise up to $75 million from non-accredited investors upon filing and SEC qualification of a detailed disclosure document.Continue Reading Reg A and Reg CF: A decade of data, and still not worth it?