4 ms·
This is huge. If the SEC provides another exemption to Reg. D for crowd sourced funding, it could usher in a new age of financing for startups not just in the
by rmah 16y ago
This is huge. If the SEC provides another exemption to Reg. D for crowd sourced funding, it could usher in a new age of financing for startups not just in the tech space but in all sectors.
I am a bit concerned that some unscrupulous people will use it to scam money out of naive "investors" through the use of crowd source financing services. The SEC would not have the resources to investigate at this scale. And I have doubts that local law enforcement would pick up the slack.
But even with the fraud risk, I believe this would be a net positive and lead to a lot more creative ventures.
- cabalamat 16y ago> I am a bit concerned that some unscrupulous people will use it to scam money out of naive "investors" through the use of crowd source financing services. This is bound to happen, but it shouldn't stop the scheme from going ahead. Investors should be sensible enough not to risk more money than they can afford.