Disappointing news came out of the SEC meeting yesterday designed to open the way for crowdfunding in the U.S.
Rather than lifting the ban on general solicitation (we’ll explain that in a minute) in order to make it possible for more people to invest in American startups, the SEC proposed rules that would establish various different classes of investors, each perhaps with its own regulations. Needless to say, this move could make it more rather than less complicated for people to invest in startups, erecting new roadblocks rather than clearing away old ones.
To read the original article: SEC uses JOBS Act to set up new roadblocks to crowdfunding | VentureBeat
