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It is DEFINITELY (almost DEFINITELY, IANAL, nor am I a broker) against current securities laws. Securities laws and regulations make it very onerous to sell shares to the public (i.e. to become a "publicly traded company").



To a degree.

(A) no more than $1,000,000 is raised via crowdfunding in any 12 month period; and ...

http://blog.fundinglaunchpad.com/2012/04/investment-crowdfun...




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