SEC loosens crowdfunding regs so small businesses can raise alternative financing in  pandemic

SEC loosens crowdfunding regs so small businesses can raise alternative financing in pandemic

4 years ago
Anonymous $pSba0tWIcA

https://techcrunch.com/2020/05/04/sec-loosens-crowdfunding-regs-so-small-businesses-can-raise-alternative-financing-in-pandemic/

Just like American workers are turning to crowdfunding to pay for the medical procedures that can keep them alive, the Securities and Exchange Commission is telling small businesses that everyday citizens may provide them with the lifeline that the U.S. government won’t.

After two multi-billion dollar stimulus packages which have largely failed to reach the small businesses they were ostensibly intended to support, the SEC said that it will lift restrictions related to reporting requirements and accelerate the approval of crowdfunding listings so that main street businesses and small startups can try to raise funds from speculative investors who may have cash on hand.