Don’t hold your breath, but the U.S. Securities & Exchange Commission could finalize regulations this year to implement the JOBS Act, the 2012 law that lets startups raise funds directly from mom-and-pop investors.
Mosaic isn’t waiting. The two-year-old Oakland, Calif. firm already won approval in California and New York to allow individuals to invest directly via its website. The twist is that the investments are loans, not equity, and the money goes (for now) only to new solar power developments. In the past ordinary investors have been shut out of the solar boom, as most projects obtain equity or debt financing from banks and corporations, which lately are not so eager to lend for solar projects.
“Anything that introduces new sources of cost-effective capital is valuable,”…
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