securities and exchange commission

‘Crowdfunding’ Rules Are Unlikely to Meet Deadline

The New York TimesDecember 26, 2012 By ROBB MANDELBAUM When the Jobs Act became law in April, supporters proclaimed a new era for small businesses seeking to raise money. The “game changer,” as President Obama put it in the Rose Garden as he signed the bill, was a provision to let small companies “crowdfund” — […]

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Update on crowdfunding legislation

Last Friday I told you that the U.S. House overwhelmingly passed a bill that would allow small businesses to solicit investment capital of up to $1 million with a $10,000 maximum per individual contribution without having to do all the expensive and time consuming paperwork registering with the Securities and Exchange Commission.  The concept is

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