SEC Already Made Two Major Changes to Crowdfunding Rules During COVID-19 - Here Are Two More w/ Mark Roderick
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From this video: Mark Roderick: Well, back in March, the SEC came out with these proposals and there were a whole bunch of proposals and probably hundreds of pages. But I'm going to narrow it down to two things. One, they increased the amount a sponsor could raise to five million dollars a year from one million and that is a big increase. You know, it's a 500% increase. And the second thing they did is eliminated the limits on how much an accredited investor could invest in a Title III offering. And those two things together are extraordinarily important. Either one would have been important, but together they are so important that the focus of private fundraising is now going to change from old fashioned private placements, whether they're done offline or online. It's going to change from Rule 506, whether 506(b) or 506(c) to Title III crowdfunding. For the ultimate guide to real estate crowdfunding and syndication, subscribe now to the FREE GowerCrowd newsletter: https://bit.ly/3jRnlTv | Visit the GowerCrowd website, the most complete source of free real estate syndication and investing resources and training available anywhere: https://bit.ly/2VMA7ea | Are you a real estate developer? Read the new book, SYNDICATE and learn how to find more investors so you can raise more money: https://bit.ly/3jRUM8r | Are you a real estate investor? Watch this free webcast and discover the Hidden Secrets to Success in Real Estate Investing: https://bit.ly/2VJMcAN