FINRA has sent out a clear signal -
Crowdfunding is going to be a
regulated industry, whether or not any
public offering of shares or interests (
securities) are taking place through the crowdfunding portal. You can rest assured that other
federal agencies
and industry associations are already licking their chops (at both the
federal and state levels!) at the thought of jumping on board the
regulatory bandwagon in order to justify their existence and satisfy a
lust for power, budget allocations and some more
public sector job creation.
Then again, on a positive note, this challenge might just eliminate the
sloppier, less ethical industry dilettantes and quick-buck artists from
a field that shows great promise for capitalizing commerce in a
difficult economy.
http://bit.ly/SoLccA
Some
additional labels, keywords, tags, search terms and categories: FINRA,
SEC, JOBS Act, securities-based crowdfunding, non-bank financing
alternatives, startups, early-stage ventures, capitalization,
seed funding, accredited
angel investors,
venture capitalists, investment banking, securities broker-dealers, CFI, CrowdFunding
Incubator, private sector employment growth, regulation, cost of
regulatory compliance, crowdfunding industry shakeup, Douglas E. Castle,
blue sky laws,
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