Description
Lawmakers say they are wary of the rules the SEC will implement, although they will wait until they see them before passing judgment.

“Unfortunately, agencies almost always take longer to write regulations than their stated deadline,”U.S. Sen. Chuck Grassley, R-Iowa, said.“Ultimately,it’s more important to get the regulations right than to get them done in a hurry.In this case,the SEC has to fulfill the dual missions of increasing investment opportunities while protecting investors from harm.As long as the SEC appears to be making progress on regulations that follow congressional intent, a reasonable amount of time to wait is acceptable.”

SOURCE LINK:http://www.delawareonline.com/article/20130127/BUSINESS08/301270012/Entrepreneurs-await-rules-crowd-funding