On October 22, 2014, the Texas State Securities Board adopted crowdfunding rules without any substantive changes from those proposed in April. The rules create an exemption from registration for offerings of up to $1M to investors residing within the State of Texas and provide guidelines for registration of Texas crowdfunding portals.
The Strasburger team is preparing a detailed analysis of the rule as they were adopted.
Click here to read Strasburger's earlier newsletter outlining the initiatives.
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