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.
For reprint and licensing requests for this article, CLICK HERE.
Stories You May Also Be Interested In
- Small Firms Seek Pay-Per-Click Alternatives
- Sharing the Wealth
- Success of Crowdfunding Puts Pressure on Entrepreneurs
- Regulator: Broker Audits Fail to Include Required Work
- Deals & Dealmakers: New Look at Crowdfunding
- SXSW: L.A. Entrepreneur Discusses Future of Crowdfunding
- European Regulators Approve Universal’s Purchase of EMI
- Beyond Wall St., Curbs on High-Speed Trades Proceed