Doug Ellenoff: Crowdfunding is CREDIBLE

During today’s crowdfunding press conference at the National Press Club, Doug Ellenoff of Ellenoff Grossman & Schole mentioned a rather hilarious acronym he’s built for the crowdfunding community. He shared that crowdfunding is CREDIBLE

Caps on the amount an individual can invest inherently protect investors
Registration requirements for portals via the SEC and FINRA aid transparency
Education is a focal point for investors
Disclosure is a focal point for portals
Information on the risks the business and the investor face is available
Background checks will be performed to nullify bad actors
Lively social media due diligence will help protect investors
Entrepreneurs are limited to a $1 million dollar raise



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