Tuesday, September 30, 2014

New Mexico Proposes Crowdfunding Exemption

[This story previously appeared in Securities Regulation Daily.]

By Jay Fishman, J.D.

The New Mexico Regulatory and Licensing Department, Securities Division, proposed crowdfunding exemption rules to bring local issuers and state residents together for capital raising through community investing. The Securities Division, to promote crowdfunding, would remove some of the restrictions that typically apply to exemptions and registrations.

A summary of the proposed crowdfunding rule provisions is here.