SEC Crowdfunding Rule Could Let Small Businesses Raise $1Million per Year

green investing dude with suitA 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