The law required the SEC to carve out a niche in securities laws that permitted crowdfunding as a fundraising tool for small business.

Name: The law required the SEC to carve out a niche in securities laws that permitted crowdfunding as a fundraising tool for small business.
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Question

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The JOBS Act of 2012 required the SEC to create rules that allow for crowdfunding as a way for small businesses to raise funds, effectively carving out a niche in securities laws for this purpose.

The Law Required the SEC to Carve Out a Niche