Equity crowdfunding is the process whereby people (i.e. the ‘crowd’) invest in an early-stage unlisted company in exchange for shares in that company.
The Securities and Exchange Commissioner of the SEC develop the rules and FINRA is the group that governs the broker/dealers.
An accredited investor is a person or entity that can deal with securities not registered with financial authorities by satisfying one of the requirements regarding income, net worth, asset size, governance status or professional experience.
A “transaction based fee” is a fee paid to a person or firm who is “effectuating a transaction in securities”.
No. An “exempt” security is one that does not need to do a public filing.
After the SEC has finalized the rules and the crowdfunding platform you select is certified, you will be able to start raising money in accordance with these rules.