Cool it!

While the excitement for the Crowd Fund Act is justified, it may be wise to tone down the projections, which  this week have included, for example: that crowd funding will result in a  “10% increase in new businesses and 170,000 new jobs over the next five years” and “that the average American will invest 1% of their income in Crowdfunded companies.” This hyperbolic rhetoric could be counterproductive when it comes to rule writing by the SEC.

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Investments, SEC, Small Business and tagged , , , , , , , , , , , , , , , . Bookmark the permalink.

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