B.C. regulators eye green light for equity crowdfunding

Date:

Funding structure billed as ‘starter kit’ for small business, but some fear it opens door to fraud

Last week, the B.C. Securities Commission posted for public comment a proposed set of Internet crowdfunding rules that would exempt companies from the strict requirements of filing a detailed prospectus that listed companies must abide by.

The rules would allow companies to raise $150,000 per capital campaign, with a limit of two campaigns per year, and cap investor contributions at $1,500 per person per campaign, similar to the exemption Saskatchewan put in place in December.

Read full article here.

Derrick Penner – Vancouver Sun – April 2, 2014.

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