Canada regulators propose rules for crowdfunding of startups - Reuters
The power of the crowd may soon be harnessed to help fund business startups in Canada, with several provincial securities regulators publishing proposed rules on Thursday that would allow large numbers of people to invest small amounts in promising projects, reports Reuters. The Ontario Securities Commission, the country's biggest capital markets watchdog, said its new rules would allow registered online portals to collect up to $2,500 per investment from small-scale investors. Regulators in Alberta, Quebec, Saskatchewan and New Brunswick published a joint proposal similar to the Ontario document.
21 March 2014•3 mins read
