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It is almost as though the SEC does not want anyone to use crowdfunding other than scammers.
by danieltillett 11y ago
It is almost as though the SEC does not want anyone to use crowdfunding other than scammers.
- Avshalom 11y agoAlternately the SEC just recognizes that "crowdfunding" a corporation is just exactly what IPOs were supposed to be for and doesn't feel super happy about having to write the loop holes to their own regulations.
- danieltillett 11y agoExactly. No regulator has ever actively worked towards putting themselves out business. If crowdfunding were to succeed then people might start to consider why we have all this regulation, on the other hand if the SEC structures the rules such that only scammers make use of it then they can say "we tried this and it was a disaster so it is time to bring in more regulation".