Securities,
Corporate
Oct. 29, 2013
One step closer to crowdfunding
Proposed crowdfunding rules, released Oct. 23 by the SEC, are nearly 600 pages long and are subject to public comment for the next 90 days.
Last week, the Securities and Exchange Commission released a landmark proposal for rules governing equity crowdfunding in the U.S., allowing entrepreneurs to use the Internet to build a small pool of investors for project financing and capital raising.
What is crowdfunding? Similar to micro-lending (a process made famous by microloan sites such as kiva.org), crowdfunding is Internet-based financing of a venture by raising relatively small amounts of money from a large number o...
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