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Doug Ellenoff, a partner at lawfirm Ellenoff, Grossman & Schole, speaking at the National Press Club in Washington about how the crowdfunding community has taken necessary precautions to protect investors.
image credit: Joy Schoffler

Crowdfunding advocates raised the volume today on their call to push the Securities and Exchange Commission to finalize rules needed for business owners to raise equity through crowdfunding.

"This is a story about capital," said Sherwood Neiss, principal of consulting and advisory firm Crowdfund Capital Advisors and a chair of the not-for-profit crowdfunding organization Crowdfunding Professional Association. He was one of about a dozen crowdfunding supporters making their pitch at the National Press Club in Washington, D.C., today. 

The SEC has already missed several deadlines to write rules to structure the implementation of the Jumpstart Our Business Startups Act, known as the JOBS Act.

To read the full, original article click on this link: Crowdfunders Step Up Lobbying for SEC Rules | Entrepreneur.com