NB, NS Seek Crowdfunding Feedback
The prospects are excellent that equity-based crowdfunding will soon be allowed in Nova Scotia and New Brunswick, but first securities regulators are looking for feedback on new rules for the online fundraising.
The Nova Scotia Securities Commission and New Brunswick’s Financial and Consumer Services Commission have joined with their counterparts in Saskatchewan, Manitoba and Quebec to produce a set of proposals that would let companies raise money through crowdfunding. The Ontario Securities Commission is working on a similar paper.
Crowdfunding, or raising money by seeking small