This post was originally produced for Forbes.
On May 16, 2016, Regulation Crowdfunding became effective. Arguably representing the biggest change to securities laws in 80 years, Title III of the JOBS Act passed in 2012 made investment crowdfunding legal subject to the issuance of regulations. Now, almost five years after the law passed, we have enough history with the rules to begin understanding what’s working and what’s not.
To work through the issues, I reached out to leading crowdfunding practitioners and experts for their reactions to the first nine months of practice in the space.
Bernard Loyd, a social entrepreneur and President of Urban Juncture, Inc., was among those who have had good experiences with the new rules. “Our experience has been that it provides efficient access to a broad pool of potential investors, many previously unknown to us. The online platform provides significantly better access to potential investors who share our passion for investing in economically-chall…