ARTICLE | Finance
Thinning the crowd
Why crowd-funders will stick with accredited investors when it comes to biotech
November 4, 2013 8:00 AM UTC
SEC is not expected to finalize rules for crowd-funding by non-accredited investors until next year, but crowd-funding firms already think biotechs won't be able to raise meaningful money from that investor pool.
The crowd-funding provisions included in the 2012 Jumpstart Our Business Startups (JOBS) Act are designed to allow private companies and funds to raise money from both accredited and non-accredited investors...