Reuters – FINRA Takes Steps to Regulate Crowdfunding
The Financial Industry Regulatory Authority has asked crowdfunding websites to voluntarily register with it as a first step towards regulating a fast-growing industry that helps small businesses secure funding. FINRA, Wall Street's industry-funded watchdog, said it was working with the Securities and Exchange Commission to draft rules that would govern crowdfunding. In the meantime, FINRA has asked the websites to register with it and provide details that would help it draft the rules.
11 January 2013•2 mins read
