CommunityLeader, Inc. announced today the release of their third whitepaper titled, "A Conservative Approach: Crowdfunding for Professionals.” This whitepaper builds on the letter of August 17, 2012 that Rick Weintraub, CommunityLeader's chief compliance officer, submitted to the Securities and Exchange Commission and FINRA commenting on the pending issuance of the rules and regulations on Crowdfunding.
Weintraub stated in the letter,“As contrasted with the aggressive positions taken by many of the Crowdfunding trade associations and other professionals, our positions are conservative in nature.Our positions are supportive of the protection of investors.CommunityLeader recognizes the paramount task of the funding portal is to assist in the prevention of securities fraud.”
“We believe based on the underlying intent of the legislation, these rules should be framed around existing code with specific modifications or exemptions for Crowdfunding,”explains Joseph Barisonzi, CommunityLeader’s CEO. “Getting to market quickly and protecting both the businesses seeking capital and the unaccredited investors are equally as important.”
Founded in 2010, the industry website, Crowdsourcing.org, is a neutral organization dedicated solely
to crowdsourcing and crowdfunding. As one of the most influential and credible authorities in the crowdsourcing space,
Crowdsourcing.org is recognized worldwide for its intellectual capital, crowdsourcing and crowdfunding
practice expertise and unbiased thought leadership.