From: "R.P. Burrasca" <rburrasca@coloradocrowdfunding.org>
Date: April 25, 2013 8:46:13 AM MDT
To: Colorado-Crowdfunding-announce@meetup.com
Subject: [Colorado-Crowdfunding] State Crowdfunding Exemptions
Following up on our discussion of last evening regarding state crowdfunding exemption initiatives, set forth below is a very important link to a webpage containing a map which indicates which states already have crowdfunding exemptions on a regulatory, but not statutory, basis, as well as those states where legislation which would permit crowdfunding is currently pending.
I, along with many others, believe the final solution to making crowdfunding successful is local investing in local businesses, ultimately followed up by having a state's legislature permit the creation of a secondary market, i.e., stock exchange, limited to the trading of locally-issued securities, thereby ensuring at least a some modicum of liquidity (i.e., ability to sell) for those adventurous enough to make investments in local businesses.
Taking power back in the capital formation area from the very large interests on the coasts (and their proxies locally) that currently dominate our economy is, in my view, essential to restoring economic health to the U.S. economy. If this can only be done one state at a time, so be it. However it gets done, it, again in my opinion, needs to get done.
Here's the link:
https://s3.amazonaws.com/wac6web/statecrowdfundinglaw.html
Enjoy.
Ray
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This message was sent by R.P. Burrasca (rburrasca@coloradocrowdfunding.org) from Colorado Crowdfunding.
