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Texas Securities Board Approves Crowdfunding

Texas Securities Board Approves Crowdfunding

Texas Securities Board Approves Crowdfunding 150 150 Rex Securities Law

On October 22, 2014, the Texas Securities Board approved rules permitting intrastate crowdfunding that eliminate the income requirements for investors.

Texas companies will be required to disclose financial information to investors who no longer have to be accredited and will be permitted to invest as much as $5,000 per year in startups.

The rules are scheduled to go into effect in late November.

See the Texas State Securities Board website for details. 

Rex Securities Law provides nationwide representation to investors seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney. Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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