MONEY RADIO: GUEST KIM WALES
Host Sinclair Noe interviewed Kim Wales, the founder and CEO of Wales Capital and CrowdBureau, on his daily radio show during December 2015. Ms. Wales and Mr. Noe discussed the Securities and Exchange Commission releasing the final rules for Title III, Regulation Crowdfunding of the JOBS Act on October 30, 2015. Their interview spans current views on what is happening in the marketplace, opportunities for investors to make their money work for them and how small businesses can find investors for their company.
The market will not open until May 16, 2016. Ms. Wales reported that the SEC’s vote resulted in allowing people of all income sizes the ability to participate in equity and debt crowdfunding using a registered funding platform or a broker dealer; both will be registered with FINRA.
Companies can now raise up to $1 million in a 12-month period and individuals can invest more flexibly in businesses using Title III by adhering to investor protection rules for investment limits. The playing field is now more leveled across the capital markets.
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