Senate's Late Amendment Puts Crowdfunding In Doubt

Law360, New York (March 23, 2012, 8:58 PM EDT) -- When the Senate amended the JOBS Act on Thursday, it placed strict limits on companies trying to raise capital by soliciting small investments from a broad pool of investors, perhaps killing the popular process known as crowdfunding before it could get started, securities attorneys and law professors say.

Earlier this month, the House easily passed a version of the Jumpstart Our Business Startups Act in which crowdfunding would have been largely unregulated, allowing small companies to raise capital by targeting potential investors through social media and...
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