Access to capital or just more blues? Issuer decision-making

Zusatztext

The United States Securities Exchange Commission (SEC) released final crowdfunding regulations that became effective May 2016. The charge of the Jobs Act, Title III (the Crowdfund Act) was to create regulations that would create a framework for an alternative financing method for issuers who seek to raise business capital. This article evaluates this new investment-based crowdfunding framework from the perspective of issuers that seek financing. The author provides a summary of the new crowdfunding regulations; sets forth an issuer case scenario; details a variety of alternative financing methods; and compares the available frameworks to illustrate how an issuer might arrive at a financing decision.

Autorenportrait

Patricia Hureston Lee is an Associate Professor at Saint Louis University Law School, the Legal Clinic Director, Faculty Supervisor, Entrepreneurship and Community Development Clinic and an Attorney. Professor Lee has a B.A. from Northwestern University (Weinberg College of Arts & Sciences) and a J.D. from Northwestern Pritzker School of Law.

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