The News & Observer published an article covering the crowdfunding bill unanimously passed by state legislators last month. Business and securities attorney Jim Verdonik provided insight on the implications of the bill for North Carolina small businesses and investors.
From the article:
“The people who are following crowdfunding aren’t seeing tons and tons of state offerings” in the more than two dozen other states that have passed crowdfunding laws, said Raleigh attorney Jim Verdonik of Ward and Smith. Verdonick was a proponent of the bill that was passed unanimously by both the House and Senate last month.
A report by the U.S. Securities and Exchange Commission found that from December 2011, when the first state enacted a crowdfunding law, through September 2015, just 118 crowdfunding offerings were filed with state regulators.
Still, Verdonick sees the legislation as a step forward.
“It will help some companies, which is good,” said Verdonick, the author of a book on crowdfunding slated to be published by Thomson Reuters this summer.
Click here to read the full article.