Hedge Fund News From HedgeCo.Net


Hedge Fund Advertising: SEC Votes On Crowdfunding Exemption Proposals

7-crowdfunding-websites-for-getting-moneyNew York (HedgeCo.Net) – The SEC has announced that today it will finally vote on the newly proposed crowdfunding legislation that allows a wider pool of small investors fewer restrictions when it comes to buying up modest amounts of equity in new businesses.

Hedge funds would be included under the new exemption as being allowed to solicit small investments from the general public over the Internet.

“Mandated by the Jumpstart Our Business Startups Act signed last March, the change is meant to free up more capital for entrepreneurs and spur more investments in promising young companies.” The Washington Post reports.

The first big push towards a crowdfunding exemption came in April 2010, when Paul Spinrad of Make Magazine, Jenny Kassan of the Sustainable Economies Law Center (SELC), and Danae Ringelmann of Indiegogo launched the Crowdfunding Campaign to Change Crowdfunding Law.

“If adopted by the five-member SEC, the rule would be a major shift in how small U.S. companies can raise money in the private securities market. The crowdfunding rule would let small businesses raise more than $1 million a year by tapping unaccredited investors.” Reuters says.

Story to be updated as information becomes available.

Alex Akesson
Editor for 
HedgeCo.net
alex@hedgeco.net
HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership in HedgeCo.net is FREE and EASY. We also offer FREE LISTINGS for Hedge Funds!

 

 

Related Posts Plugin for WordPress, Blogger...
This entry was posted in Hedge Fund Strategies, HedgeCo News. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>