May 18, 2012
Individual companies directly raising capital without an intermediary be included in the definition of "funding portal". As such, a company could choose to act as its only source for information about the company and the nature of investments. In addition, a company could manage its investor relations and meet SEC rules on crowdfunding.
Clear rules and minimum expenses required to meet the documentation requirement for the company choosing to be a funding portal is important.
To protect investors, heavy punishment and fine for fraudulent and illegal activities or blatant use of crowdfund capital on unintended purpose would be appropriate.