Clarifying the Murky Crowdfunding Rules
The rules governing equity crowdfunding in Canada are evolving and will likely get more confusing before they get clearer.
This isn’t just a Canadian thing. They might be even more complex in the United States, where 22 states and the District of Columbia have individualized rules.But the framework of regulation outlined by some provinces this year is only the beginning. There will likely be a series of announcements and rulings in several of them as regulators and the market acclimatize to this new type of funding.
Equity crowdfunding is the process of raising money online from a broad