The U.S. Security and Exchange Commission (SEC) released the highly-anticipated proposed rules for crowdfunding as part of the JOBS Act. The hope is that these changes will make it easier for everyday local investor to support local businesses they care about, and for local business owners to received funding from their most loyal supporters. There have been mixed responses to the proposed rules, and the five articles below are a good primer on the rules as they stand today and what's going to happen next.
- New crowdfunding rules: The good and bad news for entrepreneurs and investors - Washington Post
- Crowdfunding’s Big-Bang Moment - the Harvard Business Review
- Crowdfunding: Don't Start Your Engines Just Yet - by Amy Cortese, author of Locavesting
- On The Proposed SEC Regulations & Crowdfunding: Let’s Get It Right, Chairman White - Crowdfund Insider
- Trepidation and Restrictions Leave Crowdfunding Rules Weak - The New York Times
Finally, here's a direct link to the SEC's press release and the proposed rules.