Crowfunding is a hot topic, so to keep you apprised on the latest news, we’ve handpicked a few of the crowdfunding stories in the news this week. Just click on the headlines to be taken to the original link!

TARP Subcommittee Blasts SEC Over JOBS Act
In a scathing letter, Rep. Patrick McHenry (R-NC) , Chair of the House Subcommittee on TARP, Financial Services and Bailouts of Public and Private Programs, accused the departing chair of the SEC of allowing third-party evaluations of her legacy to delay implementation of general solicitation rules that would boost investments in the US under the Jumpstart Our Business Startups Act (JOBS Act). The JOBS Act required such rules last July 2012.

Crowdfunding Cautions
In this article by John Wasik for Forbes, he cautions that crowdfunding will either democratize venture capital or become one of the largest boiler room schemes in history. Either way, it will be legal soon and thousands of companies have already staked their claim on the Internet.

4 Crowdfunding Mistakes for Social Entrepreneurs to Avoid
A few weeks ago, Devin Thorpe of Forbes ran into an entrepreneur who said, “I tried raising money on [a crowdfunding platform] but it didn’t work.” He’s not the only one who’s had that experience. Crowdfunding isn’t a magic well of money. It’s just a new way to raise it.

Outgoing SEC Chair Schapiro Delayed JOBS Act Rulemaking Over Legacy
Outgoing Securities and Exchange Commission chair Mary Schapiro opted to slow down the process of implementing Title II of the JOBS Act at the last minute over concerns about her legacy at the SEC and after receiving pressure from a lobbyist. That’s the accusation laid out in a strongly worded letter from Representative Patrick McHenry (R-NC) sent to Schapiro on Friday and posted to the SEC’s website with other public comments on the JOBS Act.

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