Foreword by:
Benji Jones

38 Campbell L. Rev. 265 (2016)

In past years, the incoming volume of Campbell Law Review has inherited a pre-selected topic for the annual symposium from the outgoing board. This year, Volume 38’s board of editors had the fortune of selecting its own topic. Our staff was intent on choosing a subject that was relevant to North Carolina and that would appeal to practitioners and academics alike. Thanks in large part to the enthusiasm of key local players, the decision was not a difficult one. Interest in investment crowdfunding and its many possibilities was in no short supply, and Campbell Law’s close proximity to decision makers, regulators, and the local start-up community made it the perfect venue to explore the developing legal issues, both locally and nationally.

Investment crowdfunding and the new regulations surrounding this emerging area of the law present many questions and considerations for businesses and their counsel, as well as the investment community and those that regulate the offer and sale of securities. The event was intended to provide a snapshot of the state of the laws and regulations surrounding investment crowdfunding as they were at that time and as they were expected to change, and to encourage conversations to shape the future of this new approach to exempt securities offerings. The incredible pool of speakers assembled on October 16, 2015 was comprised of lawyers, policy makers, regulators, academics, intermediaries and start-up entrepreneurs, all of whom brought unique perspectives and practical advice to the table. Record attendance and participation in the event helped to inform and guide the lively discussion.

The evolving impact of investment crowdfunding proved to be both an engaging and highly relevant topic for our annual symposium.  Just weeks after the event, the SEC finalized rules enabling investment crowdfunding to begin across the nation this May, and, as we go to print, the North Carolina General Assembly is slated to reconsider legislation that would establish a path to permit local crowdfunding offerings within the State. These, and many other aspects of the innovative and volatile subject of investment crowdfunding are the focus of this issue of the Campbell Law Review. We hope you enjoy this Symposium Issue.