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SEC Moves Ahead With 'Crowdfunding' Proposal (online.wsj.com)
5 points by nsiemsen 4627 days ago
1 comments

The most interesting bit is: "Wednesday's proposal doesn't require companies to verify that individuals meet income thresholds set by the law, officials said. Instead, the SEC asks for comment on whether verification steps are needed." Potentially receiving funding from a non-accredited investor has been one of the remaining sources of risk to a startup taking crowdfunding.