from the another-pot-of-honey-they-can-dip-their-fingers-in dept.
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?"
FORTUNE'S FUN FACTS TO KNOW AND TELL:
A black panther is really a leopard that has a solid black coat
rather then a spotted one.