The president signed the JOBS Act into law in April, fueling a boom in crowdfunding companies. But the SEC is stalling. What’s the hold up?
In an afternoon ceremony at the White House on April 5, 2012, President Obama signed off on the creation of the Jumpstart Our Business Startups Act, declaring that, with his signature, start-ups and small businesses will “now have access to a big new pool of American investors–namely the American people.”
The bi-partisan piece of legislation drew overwhelming support from around the country, but there’s been one problem: Nothing has really happened yet.
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