Monday, April 9, 2012

Crowd Fraud-ing?

The president signed legislation last week that will make it much easier for small companies to raise money through selling equity in their company.

Some say it will make the process too easy, and that the legislation relaxed too many regulatory safeguards - some put into place after previous bouts of scam and scandal.

Now, crowdfunding advocates are coming up with their own ways to police the market. I write about it in this week's Smart Answers column

Whatever happens, it's going to be fascinating to watch this all play out when the new law goes into effect in early 2013. Let me know if you have any story tips on this topic. I'm sure I'll be writing more about it.

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