A proposed crowdfunding rule by the Securities and Exchange Commission would allow small businesses to raise up to $1 million a year from unaccredited investors.
“Entrepreneurs and start-up companies looking for investors will be able to solicit over the Internet from the general public under a new proposal issued by U.S. regulators on Wednesday.
The “crowdfunding” proposal, if adopted by the Securities and Exchange Commission, would be a major shift in how small U.S. companies can raise money in the private securities market.” – Reuters
Read the full piece here: SEC releases ‘crowdfunding’ rule
More in-depth coverage can be found at Forbes: SEC Proposes Crowdfunding Rules