The SEC approved regulations regarding crowdsourcing to allow small businesses to seek funding from ordinary people. Non-accredited investors can now invest up to $2,000 or 5% of their annual income in small scale fundraising projects. Many people are excited about the change, but Hugh Berkson expressed concern for the peril small investors may face.
Hugh Berkson is a Securities Attorney with McCarthy, Lebit, Crystal & Liffman, Co. LPA. Hugh is rated AV® Preeminent™ by Martindale-Hubbell®.
He obtained a business degree in Finance from the University of Texas at Austin in 1989, and is a 1994 graduate of Case Western Reserve University School of Law, where he was a member of the Order of the Barristers and received both the American Jurisprudence Award, (National Mock Trial) in 1993 and the Jonathan M. Ault Mock Trial Prize for 1993-1994.