Merkley wants SEC to spell out crowdfunding rules

Portland Business Journal:

Oregon Sen. Jeff Merkley and a Democratic colleague want the Securities & Exchange Commission to swiftly issue rules regarding crowdfunding activities.

Merkley, who’s taken a keen interest in crowdfunding, and Colorado’s Michael Bennet wrote SEC Chairwoman Mary Schapiro to request that the agency interpret crowdfunding rules, which President Obama signed on April 5. Crowdfunding essentially allows businesses to use the Internet to gather investments without facing certain stringent SEC funding…

Read the full article here. Discuss below.

connect with blueoregon