Crowd Funding Expert Kendall Almerico Says Recent SEC Ruling on Crowdfunding Is a Mixed Bag
Tampa, FL (PRWEB) July 22, 2013 -- JOBS Act expert Kendall Almerico, CEO of crowd-funding website ClickStartMe, discussed the recent JOBS Act ruling issued by the SEC that allows solicitation of accredited investors under certain circumstances.
"While the SEC's new JOBS Act regulations do not address the crowdfunding portion of the JOBS Act as we were all hoping, the fact that they are moving at all is good news," the crowdfunding guru said.
The SEC ruling concerns "general solicitation" and will allow startups to begin soliciting accredited investors through social media, and other means that previously were illegal.
"While this shows that the SEC is starting to finally do what the JOBS Act mandates them to do," Almerico says, "It also unfortunately shows that the SEC is not afraid to add new requirements that may actually make funding more difficult, instead of easier, as the JOBS Act intends."
Almerico points out that the new SEC rules require companies that wish to advertise to accredited investors to file new and more extensive documentation with the SEC than before. But Almerico points out, it is still a step in the right direction.
"At least something is being done, finally," Almerico notes. "The JOBS Act was made into law in April 2012. At this point, any progress on implementing it is good progress."
Kendall Almerico is the CEO of ClickStartMe, the crowdfunding site that provides individuals and businesses with an easy-to-use website to raise funds through online crowd funding. Almerico is available for interviews and speaking engagements.
Source: http://www.huffingtonpost.com/tim-berry/todays-sec-ruling-on-crow_b_3575958.html
Kendall Almerico, ClickStartMe, http://www.ClickStartMe.com, 813-410-4658, [email protected]
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