The fight for funding portal supremacy has begun!

Several donation-based crowd funding sites (eg, RocketHub* and Indiegogo*) have indicated their interest in becoming “funding portals.” The Crowd Fund Act says that they do not have to register as broker-dealers. Just announced today (May 21, 2012), ConfidentCrowd* is touting that its sponsoring members consist exclusively of registered broker-dealers. They contend that “registered Broker-Dealer firms are best positioned to screen, evaluate and structure these challenging, high-potential investments for success.” (*No endorsement intended.)

http://confidentcrowd.com/