Crowdfunding investments could be risky, state regulators say

Department of Financial Institutions warns of potential scams

FRANKFORT, Ky. (Nov. 8, 2012) – Would you like to help a local business or start-up entrepreneur gain its first foothold in the community? What if after you invested, that business never produced its promised goods or services, and you were left holding a worthless share?

This is the concern that state securities regulators, including the Kentucky Department of Financial Institutions(DFI), have with the potential of crowdfunding as an investment.

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