Professor Steve Bradford testified before the Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs of the U.S. House of Representatives Committee on Oversight and Government Reform on Tuesday, June 26. His testimony addressed the new crowdfunding exemption to federal securities law that was added through the JOBS Act and what the SEC should do to implement the exemption – what its rules should and should not do. Professor Bradford has written on the subject and was recognized as a leading expert on this topic by Rep. Patrick McHenry when he stated that Bradford had “written the bible of crowdfunding.” Other individuals testifying on the issue were Brian Cartwright, Scholar-In-Residence at the University of Southern California and Former General Counsel, U.S. Securities & Exchange Commission; Alon Hillel-Tuch, co-founder and CFO of RocketHub; and Professor John Coffee Jr., Columbia University Law School.
This article was originally published June 28, 2012
