tag:blogger.com,1999:blog-9187544071118409681.post1223769705272875286..comments2024-02-19T11:19:04.727-06:00Comments on entreVIEW: What Could Be More Fun Than A 585-Page Release on Proposed Crowdfunding Rules?Lathrop GPMhttp://www.blogger.com/profile/17304437343562418793noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9187544071118409681.post-68782543299117118772013-10-28T09:21:05.209-05:002013-10-28T09:21:05.209-05:00Thanks for the comment. What I've been suggest...Thanks for the comment. What I've been suggesting all along is that conventional raising of capital from angels (in a Rule 506 offering) appears as though it will be less burdensome/costly than the Crowdfunding regulation. If you want to raise $50k from a bunch of small investors, you may spend half that amount raising the capital.<br /><br />We already know that the states (NASAA) do not like the JOBS Act. I've heard one regulator refer to the legislation as "apocalyptic." It's true that Crowdfunded equity securities will be "federal covered securities" and exempt from registration at the State level (other than possible filings required), but that doesn't mean that state regulators won't (or shouldn't) step up enforcement activities against bad actors.Dan Tenenbaumhttps://www.blogger.com/profile/02249073325282205753noreply@blogger.comtag:blogger.com,1999:blog-9187544071118409681.post-315022373164434542013-10-26T09:27:03.155-05:002013-10-26T09:27:03.155-05:00We still have big hopes in this newly forming indu...We still have big hopes in this newly forming industry. <br /><br />Totally agree with first bullet point. Don't do it. Yet.<br /><br />As entrepreneur, I do not see any issue in using CPA or a lawyer to get funded. I think, the comparison should be made with Angel and VC capital and not KickStarter/Indiegogo as this is equity in exchange of capital.<br /><br />On your last bullet point (Ohio Securities Commission) I think, the federal ruling (SEC) will overwrite the state's one. Or, at least, the state need to align their policies/rules/views with those at the federal level. <br /><br />Thank you for your blog.truCrowd(tC)http://www.trucrowd.comnoreply@blogger.com