SEC Urged to Scale Back ‘Crowdfunding’ Rules

Firms Warn Current Restrictions Will Serve as a Deterrent to Smaller Companies

WASHINGTON—Startups and entrepreneurs are criticizing proposed “crowdfunding” rules designed to ease their ability to reach large numbers of investors online, warning the current restrictions will deter smaller companies from using the financing technique.

The firms are pushing the Securities and Exchange Commission to scale back provisions in rules the agency floated in October intended to make it easier for startups to…

Read the full article on the Wall Street Journal.
http://online.wsj.com/news/articles/SB10001424052702304071004579409323759964120

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