Tucked into President Obama’s jobs speech yesterday was a plan that could make it easier for small companies to raise money from individuals, more commonly referred to as “crowdfunding.” “We’re also planning to cut away the red tape that prevents too many rapidly growing start-up companies from raising capital and going public,” the President said.
A fact sheet released by the White House Press Office confirmed the President’s support to establish a crowdfunding exemption from Securities and Exchange Commission registration requirements.
