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The Jumpstart Our Business Startups Act (the “JOBS Act”), enacted on April 5, 2012, established a regulatory structure for startups and small businesses to raise capital through securities offerings through ,crowdfunding. On October 30, 2015, the SEC adopted the rules to implement Title III of the JOBS Act (“Title III ”). Title III added Section 4(a)(6), to the Securities Act of 1933 for certain crowdfunding transactions (“Regulation Crowdfunding or Reg CF”).

Some Diversity Aspects of Reg CF?

Reg CF is an exemption from the registration requirements in Section 12(g) of the Security Exchange Act of 1934, which was

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