…account of others under new Section 4(6) of the ’33 Act. Private Emerging Growth Companies. A section of this draft law is captioned the “Capital Raising Online While Deterring Fraud and Unethical Non-Disclosure Act of 2012,” popularly known by the acronym as the “CROWDFUND Act.” Under a new Section 4(6) of the ’33 Act, no registration will be required for transactions involving the offer or sale of securities by an issuer (including all entities…