Growth Capitalist (https://growthcapitalist.com/author/tbuhl/page/21/)
A California state assemblyman from Fresno is spearheading a new bill aimed at allowing non-accredited investors to invest in emerging growth companies. The bill would allow people who are not considered wealthy by federal definitions to invest up to $5,000 or 10% of their assets into a business trying to raise up to $1 million.
YouMail, a software company that helps users manage their incoming phone calls, has raised $5.5 million with the help of an internet crowdfunding firm Digital Offering.
A cannabis company which recently admitted it is under investigation by the Securities and Exchange Commission for filing misleading financial statements told investors in public filings this week their shareholder equity is now negative $2 million.
The Securities and Exchange Commission has released its financial choke-hold on a foreign broker-dealer it accused of being involved in multiple penny stock schemes.
