SEC proposes FINRA supervision of crowdfunding platforms

10/24/2013 | InvestmentNews (free registration) · Accounting Today

If the Securities and Exchange Commission adopts its crowdfunding proposal, Internet platforms that conduct equity offerings for small businesses and startups will be overseen by the Financial Industry Regulatory Authority. Robert Colby, FINRA's chief legal officer, says regulation of crowdfunding platforms would not be as tough as supervision of broker-dealers.

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InvestmentNews (free registration) · Accounting Today

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