Attention, investors: Congress has a deal for you!
Thanks to the JOBS Act of 2012, you soon will have new ways to drop your money into high-risk start-ups, private offerings, hedge funds and maybe even your neighborhood gelato shop.
The changes are intended to help small businesses raise funds more easily, but regulators and consumer advocates warn they could also unleash an explosion in investment scams. Last month, the North American Securities Administrators Association, an association of securities regulators, said it is especially concerned that two provisions could “unwittingly open a floodgate of fraud.”
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