Equity crowdfunding by unaccredited investors is legal in exactly one place in North America

Canada FlagAlmost a year after President Obama signed the JOBS Act into law, crowdfunding for equity is still not legal … at least for the 99 percent of people that are not accredited investors. But there is at least one place in North America where crowdfunding for equity has been legal for a decade.

That’s British Columbia, just north of Washington State in Canada, where Vancouver ranks as the ninth  top startup ecosystem globally.

“BC has had legalized crowdfunding for a decade,” super-angel Mike Volker said last night at the Vancouver Enterprise Forum event on crowdfunding. “It’s the only place in North America, and there are no restrictions, no limits.”

Read more at VentureBeat

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