First Business

October 11, 2013

Wisconsin crowdfunding bill raises concerns

Much of the news coverage of a Wisconsin proposal reforming state securities law has focused on the creation of an online equity crowdfunding mechanism, but the bill also lowers the threshold of qualifying as an accredited investor â;€Â"; and that has raised some concerns.

The state Assembly passed the bill Tuesday and it appears poised to move quickly toward passage in the Senate, according to Patricia Struck, administrator of the securities division of the Wisconsin Department of Financial Institutions.

Aâ;€¦;

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