The Securities and Exchange Commission on Wednesday unanimously voted to propose new rules that would allow entrepreneurs to sell securities through crowdfunding portals such as Kickstarter. The new rules, which are part of Title III of the Jumpstart Our Business Startups Act, are now up for comment over a 90-day period in the first step of a process many hope will culminate in permission for small businesses to raise up to US$1 million a year via unaccredited investors.
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SEC Opens the Door to Crowdfunding
Posted by: Erika Morphy October 23, 2013 08:20 PMThe Securities and Exchange Commission on Wednesday unanimously voted to propose new rules that would allow entrepreneurs to sell securities through crowdfunding portals such as Kickstarter. The new rules, which are part of Title III of the Jumpstart Our Business Startups Act, are now up for comment over a 90-day period in the first step of a process many hope will culminate in permission for small businesses to raise up to US$1 million a year via unaccredited investors.