On August 13, 2013, three members of the Wisconsin legislature held a news conference to announce that they planned to introduce new legislation that would permit equity crowdfunding in Wisconsin. Late last week, this eagerly awaited legislation was introduced in the Wisconsin Assembly. If the proposed bill, known as the CASE (Crowdfunding and Securities Exemptions) for Jobs Act (AB350) (the “Act” or the “CASE for Jobs Act”) is passed, Wisconsin would join only two other states — Georgia and Kansas — that have amended their state securities laws to permit equity crowdfunding. Continue reading
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