Equity crowdfunding: understand proposed SEC rules for JOBS Act

Soon people who aren’t accredited investors will be able to buy equity stakes in small businesses.
An overview on Technical.ly Baltimore sister site Technical.ly provides the details:

The SEC issued proposed rules and forms last month that would finally implement Title III of the JOBS Act, which created an exemption from registration under the Securities Act of 1933 for certain “crowdfunding” securities offerings conducted through “crowdfunding intermediaries.” …
The exemption remains unavailable until the SEC finally adopts these implementing rules, but this most recent step means that final rules are coming shortly.