The crowdfunding industry is already becoming a major player in startup and small business financing, yet it's operating on archaic rules, which is bad for two reasons-
1) Average citizens are barred from participating in this exciting and potentially lucrative part of the economy.
2) Crowdfunding platforms and the entire crowdfunding industry cannot fully mature until regulatory guidelines catch up with the times. This is hurting startups and small businesses that need financing.
The SEC is currently 184 days past their deadline to adopt rules for JOBS Act Title III that they proposed back on October 23, 2013 and gave a 90-day public review period.
It's about time that the SEC adopted these rules.
More info: http://www.capitolstartup.com/blog/why-you-cant-be-a-shark-on-shark-tank/