Wednesday, November 02, 2011

General Solicitation Ban to be Banned?

Earlier today I mentioned to you a House bill up for consideration that would make it easier for companies to raise money through "crowdfunding" sites. I also learned today that the House is voting this week on a bill that would remove the ban on public, (i.e "general") solicitation for private offerings of securities to wealthy investors.

Whereas the bill contemplating the crowdfunding changes may not end up to be very advantageous for entrepreneurs, this one should be very nice in that regard.
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