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+ - The SEC is about to make crowdfunding more expensive->

Submitted by PapayaSF
PapayaSF (721268) writes "Proposed new rules require that funding portals register with the Securities and Exchange Commission (SEC) and the Financial Intermediary Regulatory Authority (FINRA). In addition, investors must have access to a business plan, use of proceeds, a valuation of the company, and financials, so CPAs may 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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