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What's Really Going on With Crowdfunding

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What's Really Going on With Crowdfunding
Description
Neither FundersClub nor AngelList rely on initiatives mentioned under Title III of the JOBS Act, so it's wrong to think that SEC was making a substantive ruling on the matter with these letters. But some consider it at least a step in the right direction--or, as a model by which crowdfunding sites can the cue.

"The SEC is saying, look, there's a wild west happening, and while we're concerned, there are good practices we can encourage," says William Carleton, a start-up lawyer based in Seattle who has followed the no-action letters.





SOURCE LINK:http://www.inc.com/eric-markowitz/sec-treading-water-over-crowdfunding.html

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