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Lee Schafer

It’s about time somebody in the state decided to quit waiting for workable rules for equity crowdfunding from federal securities regulators.

A Minnesota group, calling itself MNvest and started by Minneapolis attorneys Ryan Schildkraut and Zach Robins, is hoping to persuade the Legislature next year to go ahead and let equity crowdfunding take place here. Quite a number of Minnesotans have jumped on board to help, including Sen. Terri Bonoff, a DFLer from Minnetonka.