The SEC is dragging its feet on hashing out the rules for equity crowdfunding, and thekvetching from crowdfunding advocates is growing louder. Mary Schapiro stepping down as SEC chairwoman hasn’t exactly lifted hopes that the agency will produce a set of rules in a timely fashion.
AOL co-founder and Revolution Growth Partner Steve Case, a major backer of the JOBS Act, is among those who remain optimistic – though he certainly hears the frustration. Here’s what he told reporters on a conference call Monday afternoon:
“There are some in the crowdfunding community that are concerned that it’s taken longer to get the rules written than they would have liked and are concerned that it could result…in more regulation than is appropriate,” Case said.
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