Texas State Securities Board Approves New Crowdfunding Rules

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As I wrote last week, crowdfunding in Texas is literally, right around the corner.

By a 4-0 vote yesterday, the Texas State Securities Board approved rules to regulate equity crowdfunding in Texas.

The rules will go into effect in late November and will allow Texas investors to invest up to $5,000 into Texas companies through approved portals.

We’ll have a full briefing on the rules as soon as they are published.

Posted in: Crowdfunding
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Kevin Vela

Kevin is the managing partner at Vela Wood. He focuses his practice in the areas of M&A, venture financing, fund representation, and gaming law.

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