That scared me at first too so I did some research. The CNet article is wrong. It seems that the personal liability only applies to "material misrepresentations

That scared me at first too so I did some research. The CNet article is wrong. It seems that the personal liability only applies to "material misrepresentations and omissions made to investors in connection with a crowdfunding offering". See http://financialservices.house.gov/News/DocumentSingle.aspx?DocumentID=285426 http://financialservices.house.gov/News/DocumentSingle.aspx?... (see General Anti-Fraud Provisions section) and http://www.dandodiary.com/2012/04/articles/regulatory-reform/the-impact-of-the-jobs-act-on-do-liability/ http://www.dandodiary.com/2012/04/articles/regulatory-reform... (search for above quote).