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The Almighty Buck Government United States

The SEC Is About To Make Crowdfunding More Expensive 366

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?"
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The SEC Is About To Make Crowdfunding More Expensive

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Every nonzero finite dimensional inner product space has an orthonormal basis. It makes sense, when you don't think about it.