Changes to Crowdfunding to be Announced Friday

[Joshua Schneiderman]

For those who don't religiously follow developments at the SEC (I know, I should have better things to do with my time), this Friday the SEC is scheduled to vote on its final crowdfunding rules.  There have been several discussions on the forums of the existing crowdfunding rules (i.e. Reg. A+ and general solicitation when it comes to raising funds from accredited investors), but Friday's vote relates to true crowdfunding - - raising small amounts of money from non-accredited equity investors.  Fingers crossed the SEC doesn't go overboard on hurdles with its rules - this could really open up a new avenue for financing real estate deals.