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U.S. to allow startups access to crowdfunding 'within 6 months'

article Crowdfunding
U.S. to allow startups access to crowdfunding 'within 6 months'
Description After a hyper fast timeline from lobbying to legislation, Sherwood Neiss and his allies are now stuck waiting for the U.S. Securities and Exchange Commission (SEC) to issue rulings laying out the regulatory framework it will use to enforce the new crowdfunding laws. Yet Neiss, widely credited as a key figure behind the lobby to legalize equity crowdfunding in the U.S., is hopeful that the bureaucratic bottleneck will clear and American startups will be legally raising equity over crowdfunding sites in as little as half a year from now.

SOURCE LINK to the full article: http://www.itbusiness.ca/it/client/en/home/News.asp?id=68821
Tags: Crowdfunding, Crowdsourcing, Equity Crowdfunding, Sherwood Neis, Startup Exemption, Startups
Jason Robbins Posted by Jason Robbins
Sep 14, 2012 01:36 am GMT Viewed 1032 times
Author: Christine Wong Source
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