000			01571nam a2200193 4500
999			_c49627 _d49627
003			OSt
005			20180419153641.0
008			180419b ||||| |||| 00| 0 eng d
100			_ade la Viña, Lynda Y. _931218
245			_a US Equity Crowdfunding: A Review of Current Legislation and A Conceptual Model of the Implications for Equity Funding
300			_a83–110 p.
520			_aRecent Securities and Exchange Commission (SEC) guidelines provide a regulatory framework for Title II of the Jumpstart Our Business Start-ups (JOBS) Act of 2012, that legalised interstate equity crowdfunding (ECF) in the USA. Concurrently, 18 states have passed legislation or regulations to allow intrastate ECF. Yet, the literature has not fully addressed what this nascent funding mechanism will offer to investors and those seeking funding for entrepreneurial projects in the USA. This article reviews current US legislation and the federal and state laws as they pertain to ECF. It also discusses the anticipated implications of ECF, provides a conceptual model that demonstrates how crowdfunding can change the traditional equity-financing continuum and discusses externalities that may emanate from implementation of this relatively new means of raising capital.
653			_aCrowdfunding,
653			_aequity crowdfunding,
653			_aintrastate equity crowdfunding
700			_aBlack, Stephanie Lee _931219
773	0		_029448 _970296 _aMISRA, SASI _dNEW DELHI SAGE PUBLICATION PVT. LTD. _o5558641 _tJOURNAL OF ENTREPRENEURSHIP _z0971-3557
942			_2ddc _cJA-ARTICLE