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Is Ontario next? American Crowdfunding Rules Under Attack
Mr. Martel’s work taking small companies through the maze of securities regulations in Canada led to the development of eExchange. Mr. Martel’s particular expertise relating to the eExchange project includes 18 years as a broker in Toronto and Calgary including two years as controller of St. Lawrence Securities, a member of the Toronto Stock Exchange. Mr. Martel has also served as a member and governor of the Alberta Stock Exchange.
Equity Crowdfunding has Impressive Growth in Britain
Equity Crowdfunding operates around-the-clock, 24×7, in Britain. In three years the sale of Crowdfunding shares has increased from $3-million to $52-million. The British Equity Crowdfunding format merits consideration in Canada and USA.
UK Equity-based Crowdfunding 2011-2013
2011 – £1.7-million (Cdn$3-million)
Ontario Shorts Crowdfunding Shares!!
There are two major drawbacks to the Ontario Crowdfunding proposal:
- resale of Crowdfunding shares are restricted;
- there is no marketplace for trading Crowdfunding shares of non-reporting issuers.
Would you buy shares that are almost impossible to sell because they have an indefinite hold period?