Crowdfunding SEC Petition Open to Comments

An update on Paul Spinrad’s campaign to change the US Securities and Exchange Commissions rules on reporting for securities:  The Petition for Rulemaking has been received by the SEC and is open for public comment.  For anyone who has seen the upside potential of raising capital in small chunks from a large group of investors, now is the time to do something about it.

• Send your comments on the petition (instructions are here.)
• Tell others to send comments.

With some discussion happening around this petition we will have gotten people in the SEC to take notice.

With enough discussion around this petition (comments by the hundreds) as Paul Spinrad puts it, this becomes a story that fits the ever-newsworthy journalistic trope of “Old Institution, Blindsided, Is Forced To Confront New Phenomenon.”