The Securities and Exchange Commission’s Division of Economic and Risk Analysis issued its report on whether the post financial crisis legislation (Dodd Frank, Volcker Rule, etc.) has had a deleterious effect on the financial markets. It said NO.
With respect to crowdfunding DERA reported that: “(B)etween May 16, 2016, and December 31, 2016, excluding 24 withdrawn offerings and potential duplicate filings, there were 163 unique offerings by 156 issuers (including 7 issuers that filed for more than one crowdfunding offering)”
The average offering targeted $110,000 and the average amount raised was $290,000; equity was raised in 36% and debt in 20% of the offerings with hybrids in the rest.