Architects beseech financial regulators: Allow equity in crowdfunding

american-institute-architectsOh what crowdfunding could be. If only the U.S. Securities and Exchange Commission would get its act together.

So says the Washington, D.C.-based American Institute of Architects (AIA).

Crowdfunding, the popular form of raising money via Internet sites like Kickstarter and Indiegogo has taken off in the last few years as a way to back everything from films to light bulbs to skyscrapers.

But crowdfunding is missing one ingredient that would help it push forward economic recovery: Investors cannot use crowdfunding sites to purchase equity and thus gain the potential financial rewards of shareholding. Today, funders basically make donations.

Read more at SmartPlanet

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