Crowdfunding: Promoting the Promise and Minimizing the Peril
DescriptionThe Milken Institute convened a roundtable discussion in Washington, D.C., to examine a number of key questions surrounding the regulation, use and impact of crowdfunding.
In light of the Jumpstart Our Business Startups Act, or JOBS Act, which has created a new exemption for crowdfunded businesses, this roundtable discussion discussed the merits of different crowdfunding regulatory models, considered the limitations of crowdfunding and explored creative applications of this new capital-raising mechanism.
Our goal is to publish a report from the discussion in advance of the SEC's issuance of the final rules and regulations expected in late 2012/early 2013.
This invitation-only event brought key stakeholders with diverse perspectives to the table, including founders of crowdfunding platforms, regulators, lawyers, agency officials, industry leaders, academics, entrepreneurs and consumer/investor advocates.
See the full report