As I read it, this will apply only to crowdfunding where securities (stocks & bonds) are traded. As in funding a startup, not just pre-selling a product. (But I could be wrong.)
Wow. Plain evil. Looks like people will have to have secret crowd funding websites now.
You are correct though. It only applies to crowdfunding where securities are traded or invested in. Basically seeding with expect of return on monies invested.
Last Edit: Jan 9, 2014 11:16:51 GMT -5 by ZionPhil