CHAPTER 139. EXEMPTIONS BY RULE OR ORDER
7 TAC §139.25
The Texas State Securities Board proposes an amendment to §139.25, concerning intrastate crowdfunding exemption.
Subsection (f) would be amended to permit the use of a segregated account in lieu of an escrow account for offerings up to $1 million conducted pursuant to this exemption ... More here
2019
In November of 2014 the Texas State Securities Board passed by 4-0 vote rules for intrastate crowdfunding. Texas Rule 139.25 follows an SEC exemption called “Rule 147” which exempts intrastate transactions from many Federal registration requirements. The rules allow retail investors to buy shares in Texas-based private companies such as real estate developments, startups and small businesses.
In November of 2014 the Texas State Securities Board passed by 4-0 vote rules for intrastate crowdfunding. Texas Rule 139.25 follows an SEC exemption called “Rule 147” which exempts intrastate transactions from many Federal registration requirements. The rules allow retail investors to buy shares in Texas-based private companies such as real estate developments, startups and small businesses.
Investors may contribute up to $5,000 in any equity offering, and companies can raise up to $1 million in a year.
Investors may contribute up to $5,000 in any equity offering, and companies can raise up to $1 million in a year.
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Minutes of the November 14, 2017, meeting were approved.
The Board voted to adopt the following proposed rules:
1. Creating new §139.26, concerning intrastate crowdfunding exemption for SEC Rule 147A offerings. more here
