Growth Capitalist (https://growthcapitalist.com/prominence/category-featured/page/54/)
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The first meeting this year of the Securities and Exchange Commission’s Advisory Committee on Small and Emerging Companies in early March delved into issues that have been percolating below the surface since the passage of the Dodd-Frank and JOBS acts.
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.
