WASHINGTON—A top Securities and Exchange Commission official said there could be benefits to easing rules limiting entrepreneurs from tapping investors for small amounts of capital, as long as doing so doesn't create openings for scam artists.
The rise of the Internet has allowed creative artists, nonprofits and entrepreneurs to use "crowd-funding" techniques to raise small amounts of cash from a large number of people. But SEC rules currently bar companies from issuing shares in exchange for the capital without first registering with the agency.
To read the full, original article click on this link: SEC Official Sees Benefits to Easing 'Crowd-Funding' Restrictions - WSJ.com
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