Crowdfunding proposal from SEC could broaden SMBs' funding options

10/23/2013 | Reuters · Bloomberg · American City Business Journals

The Securities and Exchange Commission has made public a long-awaited crowdfunding proposal that could open the door to small businesses and startups seeking capital from investors online. The proposal would set aside a requirement that private companies solicit investments only from accredited investors, people with at least $1 million in net worth or income exceeding $200,000 a year. The SEC will accept comments on the proposal for 90 days.

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Reuters · Bloomberg · American City Business Journals

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