As the SEC starts to shore up the rules around crowdfunding, some people are worried that it is too small scale to make a difference in the market, while others worry that it will open first-time investors up to fraud. According to Bailey McCann, the new fundraising tool has an important role to play in the current low-liquidity environment. Crowdfunding is still relatively new, the product of a regulatory exemption created by the JOBS Act (Jumpstart Our Business Startups). The Securities and Exchange Commission hasn’t shown any particular enthusiasm for the investment vehicle, but is slowly getting around to dealing…
Opalesque: Crowdfunding In A Low-Liquidity Environment
