The US regulator , the SEC , has approved new regulatory rules , which were recommended by the Financial Industry Regulatory Authority ( FINRA ) ; the regulator said that the new rules will make online crowdfunding viable . FINRA, a self-regulatory organization, proposed the rules in October in connection with the Jumpstart Our Business Startups Act, a law passed by Congress in 2012 to provide smaller companies more capital-raising options, including online crowdfunding. From May , it will be easier for companies to raise funds through online crowdfunding platforms .
The US regulator , the SEC , has approved new regulatory rules , which were recommended by the Financial Industry Regulatory Authority ( FINRA ) ; the regulator said that the new rules will make online crowdfunding viable . From May , it will be easier for companies to raise funds through online crowdfunding platforms .