Which Crowdfunding Bill Will It Be? … an accreditation program for intermediaries

Via Scoop.itYellow Boat Social Entrepreneurism

Securities law experts and others who worry about the potential for fraud under the House bill, which has few controls, are rooting for the Senate bill, which requires meaningful disclosure to investors and gives the Securities and Exchange…

03/27/12: 9:29 p.m. | Updated This afternoon, the House voted to accept the Senate amendment. Curiously, the vote this time was 380 to 41, with 10 not voting, a slightly less overwhelming margin than when the House originally passed the measure earlier this month. The number of Democrats who voted against the bill the second time around nearly doubled — which is something of an irony, since the bill now has more safeguards for investors, at least in the crowdfunding provision.


Last week, Crowdsourcing.org, a trade association based in Los Angeles, introduced an accreditation program for intermediaries. “We wanted to show Congress and the S.E.C. that the industry recognizes it has an obligation to establish standards of operation to protect investors,” said Carl Esposti, the organization’s founder.


Via boss.blogs.nytimes.com


About rictandag

http://about.me/rictandag http://LVHelpGro.net @rictandag @LVHelpGro Returned U.S. Peace Corps Volunteer, Tandag, Surigao del Sur, Republic of the Philippines 1979-1980; Financial Management training Program [FMP], G.E., Appliance Park, Louisville, Kentucky 1981-1982 Champion [two days] Jeopardy 1986 Attorney, Los Angeles, CA 1989-1995 Disabiility Rights Attorney, www.NDALC.org, Las Vegas 1998-1999 Immigration Asylum Attorney, throughout the State of Kansas 1999-2001 Supply Logistics Specialist, UPS Las Vegas, 2006- present http://www.ups-scs.com [business] http://InternationalAidAdvocate.com http://rictandag.tumblr.com/ http://www.facebook.com/rick.passo http://www.linkedin.com/in/rickpasso http://www.twitter.com/rictandag http://paper.li/rictandag http://rictandag.i.ph/blogs/rictandag/ http://ricktandagvegas.blogspot.com/ https://rictandag.wordpress.com/ advocate for: http://www.gk1world.com [Gawad Kalinga, tagalog for "to give care"] http://www.jacintoandlirio.com http://www.civitan.net/diverse http://www.Rags2Riches.ph
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