Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Friday, January 18, 2013

9,001 Website Names on "Crowdfunding"!

The Wall St. Journal reports that NASAA has found 9,001 website names containing the word "crowdfund."  The association has reviewed about 2000 of these site names and concluded that about 200 warrant a closer watch.  WSJ has reviewed the list and find that many of the names apparently are designed to appeal to certain groups based on gender, race or religion, i.e. "christiancrowdfunds"; others apparently are looking for the investor hoping to get rich, i.e., "getrichcrowdfunding" and "crowdfundingjackpot."

Meanwhile, the SEC has not yet promulgated crowdfunding rules, having missed a January 1 deadline.

WSJ, Crowdfunding Efforts Draw Suspicion

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