Los Angeles Business Journal

‘Crowdfunding’ Rules Unlikely to Meet Deadline

Thursday, December 27, 2012

When the Jobs Act became law in April, supporters proclaimed a new era for small businesses seeking to raise money by “crowdfunding” — selling stock and other securities over the Internet directly to the public. But the New York Times reports that the Securities and Exchange Commission appears certain to miss its end-of-year deadline for issuing regulations to put the provision into effect.