There is one more step in the implementation process in which you can participate. These securities law exemptions are regulated by the NC Secretary of State. So any new law like this has some securities related rules attached to it to explain and implement the disclosures, registration, reporting, and investor protection parts of the law.
So if you are an entrepreneur or investor that is potentially interested in the investment crowdfunding option, or want to help those who are, please take a little time in the next week or two to review the PACES Act, the proposed rules, and if you have some ideas, provide some written comments to the Securities Division.
1) Please see the Secretary of State web page regarding the proposed rules for all the links you will need: http://sosnc.gov/legal/ThePage.aspx
2) Take a quick look at the NC PACES Act. It is kind of dry legal stuff, but it will tell you what the legislature had in mind: http://sosnc.gov/legal/pdf/S_481-PACES_ACT_portions_only.pdf
3) Take a look at the proposed rules here:http://sosnc.gov/legal/pdf/Proposed%20Rule%20Changes%201-31-17.pdf
4) If you have any comments, you can send them in writing by following the instructions (Please note the date is wrong in this publication. Comments are due by 5:00pm on Feb 27th, 2017.) http://sosnc.gov/legal/pdf/How%20to%20make%20a%20public%20commentFinal.pdf
With your help, NC will benefit from a new, well defined investment crowdfunding exemption for our entrepreneurs.
Read more at http://wraltechwire.com/don-t-miss-your-chance-to-help-shape-nc-crowdfunding-rules/16509884/