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November 2, 2015

SEC OKs crowdfunding for startups

  • Small businesses can raise up to $1 million a year by selling stakes in the company, but critics warn that investment crowdfunding is ripe for fraud.
    • By MARCY GORDON
    AP Business Writer

    WASHINGTON — A new form of crowdfunding is coming soon that will allow startups to raise money by selling stock to Main Street investors.

    The Securities and Exchange Commission on Friday adopted rules implementing a 2012 law that opened the door to securities crowdfunding. The vote was 3-1 at a public meeting.


     
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