The Bungling of a Noble Idea
The JOBS Act -- an acronym for Jumpstart Our Business Startups -- was passed with bipartisan support and signed into law recently. One of its provisions was to allow for CrowdFunding -- the pooling of small amounts of money from large numbers of often unsophisticated investors.
The idea of giving "mom and pop" access to newly formed business equity or debt might sound appealing. It theoretically could provide small investors the opportunity to get in on the ground floor of emerging small businesses. Following are some of the key details of this law, contained within the JOBS Act....433 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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