I really am a fan of the idea of all these crowd-sourced equity ideas that are getting hatched.
As a boots on the ground business guy, however, the potential for fraud and abuse is staggering. I have seen things go down with 'accredited investors' trying to get into the startup gold rush that are unbelievable. To me, at least. And these same guys are on kickstarter right now, where there's no accountability whatsoever, cleaning up.
All I can say about the regulation of equities is that it's an ugly solution to a very real white collar crime problem.
As a boots on the ground business guy, however, the potential for fraud and abuse is staggering. I have seen things go down with 'accredited investors' trying to get into the startup gold rush that are unbelievable. To me, at least. And these same guys are on kickstarter right now, where there's no accountability whatsoever, cleaning up.
All I can say about the regulation of equities is that it's an ugly solution to a very real white collar crime problem.