JOBS Act Crowdfunding Regulations

Summary

Update: In February and July 2026, the staff of the SEC's Division of Corporation Finance issued new Regulation Crowdfunding interpretations addressing platform changes, former Exchange Act reporting companies, the rolling 12-month offering limit, annual income, updated financial statements in ongoing offerings, and the holder-of-record test for crowdfunding vehicles. See Regulation Crowdfunding CFIs 100.03-.06, 201.03, and 202.02 (Feb. 17 and July 9, 2026).