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Title III Crowdfunding Ruling Changes Startup Fundraising for Good

Citations

Business News Daily asks John Berlau about the Securites and Exchange Commision's approval of new rules over the sales of securities through crowdfunding.

"In comments on the proposed rule in 2014, I urged the SEC to ‘avoid costly, paternalistic requirements on crowdfunding that have the effect of keeping the status quo and locking ordinary investors out of startup capital," John Berlau, senior fellow at the Competitive Enterprise Institute, told Business News Daily. "It looks like the SEC has taken this advice from me and others and will eliminate burdensome requirements such as audited financials for small crowdfunding firms."