SEC raised the limit on Regulation Crowdfunding from $1.07M to $5M

Ppft. Why does this matter?<p>Instead, without any registration at all you can just raise a billion dollars from the uninformed general public on the basis of unsupportable speculative (and probably false) claims, then just pay the SEC a 24 million dollar penalty in a settlement where the SEC promises to go away and take no further action against you.<p>:-&#x2F;

This will definitely make things more convenient. The $1mm limit was a big deterrent for the whole decade.<p>&gt; The updated rules, outlined below, will go into effect 60 days after publication in the Federal Register.<p><a href="https:&#x2F;&#x2F;www.crowdfundinsider.com&#x2F;2020&#x2F;11&#x2F;168682-the-sec-updates-reg-cf-reg-a-and-more-boosts-reg-cf-to-5-million-reg-a-increased-to-75-million&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.crowdfundinsider.com&#x2F;2020&#x2F;11&#x2F;168682-the-sec-upda...</a>

I didn&#x27;t know that such a regulation even exists. But I also don&#x27;t understand why such a regulation needs to exist.

How did all those Kickstarter campaigns that raised over $1M work in light of the old limit?

SEC should also place an individual limit of how much a &quot;non accredited individual&quot; can invest, like $10K.

Finally! now lets build a flying car