Any time both Democrats and Republicans fall over each other to pass a bill, it’s likely that political posturing rather than sensible substance is involved, and you should hold on to your wallet. A case in point: the Jumpstart Our Small Businesses Act, known as the JOBS Act.
In March 2012, the U.S. House of Representatives approved the measure 390-23, the Senate followed with a 73-26 vote, and President Obama signed off on it soon after. A comment period on proposed U.S. Securities and Exchange Commission (SEC) rules to implement the crowdfunding part of the law ended Feb. 3. The idea is that a company can post a business opportunity on the internet to give the public – the crowd – a chance to invest after sharing information and evaluating the idea. An SEC spokeswoman says it’s not clear when a vote on final rules will make it on to the commission’s calendar. (See “How to Use Crowdfunding to Start Your Business.”)
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To read the original article: Crowdfunding For Equities? Fool's Gold - Forbes
