The Securities and Exchange Commission (SEC) has finally proposed new rules for equity-based crowdfunding, a way of raising money that is similar to Kickstarter but allows companies to offer stock instead of T-shirts and backstage passes.
The proposed rules are still months away from being approved. However, the SEC's recommendations were modest and unsurprising, which should settle industry fears that the agency would make regulations too onerous. The SEC's presentation was light on details about enforcement, however, which may concern some state and local regulators that are worried about fraud.
via The Verge - All Posts http://www.theverge.com/2013/10/23/4947382/sec-proposes-rules-to-allow-anyone-to-invest-in-startups
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