Fraud A Concern As Lawmakers Weigh 'Crowdfunding'
Congress is considering loosening restrictions on who can invest in companies before they go public. The change would allow people who don't have $1 million in the bank to invest in startups. Sounds great — shareholder democracy. But the rules could also create 21st-century boiler-rooms where dodgy deals are peddled in social media to unsophisticated investors.