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  1. Anonymous
    May 4, 2012 @ 6:56 am

    The SEC is mad because it stands to lose some power … the brokers are mad because they stand to lose some income (for doing nothing) but the businesses like the bill because it provides a potential source of funding that may work better than the traditional avenues, which are extremely expensive, take a lot of time and effort and very often result to nothing, thus killing the business and any future opportunities.

    So now the SEC wants to over-regulate crowdfunding? How about if they first wrap their arms around the brokers and dealer who they should be overseeing in the first place and get that “bunch” under control, before killing an idea which may spur some much needed growth.

  2. Kelcey Patrick-Ferree
    May 4, 2012 @ 9:12 am

    Anonymous, while I think you’re taking an overly-harsh reading of the situation, I do agree that the potential for over-regulation is very disappointing. We will just have to wait and see what the SEC does. In the meantime, the SEC is soliciting feedback on the regulations now, before they’re even written, at this link:

    There will also be a comment period once the regulations have been released in 9 months. You have the opportunity to make your views known to the SEC — since it is obviously of concern to you, I encourage you to do so!