You are here

SEC approves new crowdfunding rules

Saturday, October 31, 2015 - 00:08

[NEW YORK] US securities regulators approved new crowdfunding rules on Friday, allowing start-up companies to raise money from mom-and-pop investors over the internet.

Private companies were previously allowed to solicit only accredited investors - those with a net worth of at least US$1 million, excluding the value of their homes, or annual income of more than US$200,000.

The Securities and Exchange Commission voted 3 to 1 to approve the measure - the last piece of the Jumpstart Our Business Startups (JOBS) Act, a 2012 law enacted with wide bipartisan support that relaxes federal regulations to help spur small business growth.


Market voices on:

Pair your daily business read with the perfect cup of espresso.

Subscribe to The Business Times today to receive your very own Nespresso Inissia coffee machine worth $188.

Find out more at

Powered by GET.comGetCom