Should Equity-Based Crowd Funding Be Legal?
Growthink Blog
MARCH 19, 2012
First, the SEC largely limits private-equity investments to accredited investors—those with $1 million or more in net worth, among other tight standards. Only 35 nonaccredited investors are allowed to buy private equity in a company's offering. That hinders broad-based online fund raising in a couple of ways. million U.S.
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