Thoughts from Fundable: General Solicitation Recommendation & the SEC

U Posted by Admin
\ January 17, 2014

The following statement is in response to the SEC's recommendation to remove the general solicitation ban for accredited investors:

As a platform for business-minded startups, we were very pleased to see the SEC’s announcement today demonstrating their support for the removal of the current general solicitation ban on private securities. We are confident that this is a promising step in the right direction, and look forward to their recommendation becoming a reality after the allocated thirty days of public comments.

We appreciate the SEC’s careful review of this vital opportunity for investors, and are thankful to the many people whose supportive opinions have helped to influence this decision. The execution of the JOBS Act will open up hundreds of millions of dollars of potential investments and make drastic improvements to the US economy.

It is with great anticipation that we look forward to the possibilities created by the upcoming SEC decisions regarding the JOBS Act.

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Fundable is a software as a service crowdfunding platform. Fundable is not a registered broker-dealer and does not offer investment advice or advise on the raising of capital through securities offerings. Fundable does not recommend or otherwise suggest that any investor make an investment in a particular company, or that any company offer securities to a particular investor. Fundable takes no part in the negotiation or execution of transactions for the purchase or sale of securities, and at no time has possession of funds or securities. No securities transactions are executed or negotiated on or through the Fundable platform. Fundable receives no compensation in connection with the purchase or sale of securities.

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