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Crowdfunding rules intended to spur Mass. jobs
State securities law overseers will hold a public hearing Tuesday in Boston on an emergency regulation filed in January permitting intra-state crowdfunding offerings in Massachusetts as part of an effort to stir job creation by helping early stage companies find investors and capital. According to a regulatory notice from Secretary of State William Galvin's office, which runs the securities division, the measure allows Massachusetts businesses to raise up to $1 million over a 12-month period in a single offering conducted entirely within the state and is tied to a crowdfunding exemption found in federal law and a Securities Exchange Commission rule. Read more here.
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