Let Entrepreneurs Raise Capital Using Finders and Private Placement Brokers
Heard at Heritage · Heritage Podcast Network
September 5, 201857m 4s
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Show Notes
A finder or private placement broker is a person who is paid to assist small businesses to find capital by making introductions to investors. Finders are particularly important to Main Street small business people who do not have access to many highly affluent “accredited investors.” In 2000, the Securities and Exchange Commission created a regulatory cloud surrounding finders and issuers that use finders. Representative Ted Budd has introduced the Unlocking Capital for Small Businesses Act (H.R. 6127). This legislation would provide a safe harbor for finders and a reasonable regulatory regime for more active private placement brokers and have a positive impact on the ability of entrepreneurs to raise needed capital. Join us for a discussion of this important small business issue.
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