Crowdfunding moved closer to becoming a reality for small businesses Wednesday morning when the Securities and Exchange Commission proposed rules that will govern how shares in small companies are sold through Internet intermediaries.
The SEC took only 50 minutes to unanimously approve the proposed rules, which were issued more than 560 days after the JOBS Act, the law that legalized the use of crowdfunding for equity investments, was signed by President Barack Obama.
{iframe}http://www.bizjournals.com/washington/news/news-wire/2013/10/23/sec-finally-approves-proposed.html?ana=e_du_pap&s=article_du&ed=2013-10-23{/iframe}