Legal Crowdfunding of Equity Under State Blue Sky Laws

Thanks to the blog post of Equity CrowdFunder to Be WeFunder for the ins and outs of Blue Sky registrations for startups in New York, Massachusetts, and California.

For the full text of the not yet implemented by the Securities and Exhange Commission “Crowdfund Act of 2012,” click HERE

Personally, I am not thrilled with the legal machinations via attorneys that will be required under the Act. The risk nature of investing in startups themselves for me belies any need of public protection by the S.E.C., which really remains as the enforcer of arcane rules that fail to protect against insider trading and massive losses of value that the market dishes out.

I do promise, however, to be fully versed in all of this for the benefit of my clients.