In March of 2012, Congress passed the Jumpstart Our Business Startups Act, or as it’s commonly known; the JOBS Act, which President Obama signed into law the following month.
Fast forward to May of 2016, the U.S. Securities and Exchange Commission (SEC) enacted Title III Regulation Crowdfunding of the JOBS Act. This is known as Reg CF.
Reg CF enables eligible companies to offer and sell securities through crowdfunding, pursuant to certain rules.
You can learn more about those rules in the WaterWorks Knowledge Base and by visiting the SEC website.