The SEC Is About To Make Crowdfunding More Expensive

http://rss.slashdot.org/~r/Slashdot/slashdot/~3/MQWuNx7OvYo/story01.htm

http://slashdot.feedsportal.com/c/35028/f/647410/s/35827033/sc/25/l/0Lnews0Bslashdot0Borg0Cstory0C140C0A10C0A50C0A742270Cthe0Esec0Eis0Eabout0Eto0Emake0Ecrowdfunding0Emore0Eexpensive0Dutm0Isource0Frss10B0Amainlinkanon0Gutm0Imedium0Ffeed/story01.htm

PapayaSF writes "Proposed new rules require that funding portals register with the Securities and Exchange Commission and the Financial Intermediary Regulatory Authority. In addition, investors must have access to a business plan, use of proceeds, a valuation of the company, and financials, so Certified Public Accountants may be needed. The SEC estimates that for amounts under $100,000, the fees will be 12.9% to 39% of the money raised, though it may drop to under 8% for higher amounts. Is this needed regulation, or bureaucratic overreach?"

Read more of this story at Slashdot.