“A couple weeks ago, the SEC issued its ruling on Title II of the JOBS Act – the first of two provisions needed before crowdfunding can go mainstream. Simply put, the SEC eliminated the ban on ‘general solicitation.’ For decades, this mandate forced startups, hedge funds and venture capitalists (VCs) to rely on word of mouth and other forms of private communication to raise funds.  Starting this September, though, companies will be free to tell everyone about their businesses and solicit funding for them. Companies will still be limited to taking money from accredited investors and these investors will have to take extra steps to verify their accredited status.”

http://dailyreckoning.com/after-237-years-america-is-finally-free/

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