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NASE Comments on Crowdfunding Rules, Supports AEO Changes
On February 3, 2014, the National Association for the Self-Employed submitted a comment letter to the Securities and Exchanges Commission in support of recommendations made by the Association for Enterprise Opportunity to help finalize rules as it relates to Crowdfunding.
"The NASE believes that crowdfunding is an exciting avenue for both new entrepreneurs and established small businesses to raise needed capital to launch or grow a small business. At present, nearly 48 percent of the self-employed and micro-businesses are utilizing personal or retirement savings to keep their businesses afloat, accordingly to a 2012 poll of NASE Members. Furthermore, friends and family have been a primary source of funding for many new entrepreneurs. Crowdfunding will bring together this age-old approach to financing with technology and investment practices, allowing small-business owners and aspiring entrepreneurs the opportunity to reach out to their communities, investors and the world to secure necessary funding to start and expand their business."
Read the NASE's complete letter on proposed rules regarding Crowdfunding and the recommendations put forth by the Association for Enterprise Opportunitysupported by the NASE.