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Crowdfunding and compliance: What you need to know

Julia Salasky discusses the regulatory blueprint behind crowdfunding a case in the UK

24 May 2016

Over the last five years, crowdfunding has emerged from the fringes of online giving to become a globally powerful form of financing, for anything from arts projects to equity investments in start-up companies. Forbes estimates that the crowdfunding industry has surpassed venture capital investment, with a $34bn global turnover in 2015, which is set to double in 2016.

Even the legal profession, which is notoriously slow to adopt new technologies, has started embracing crowdfunding as an alternative source of funding. While this may be a much-needed boon in a time of increasing hostility to low-income people facing an inaccessible justice system, and to lawyers who have been forced to take on more cases pro bono (or through conditional fee agreements), it has another benefit, too. At its core, crowdfunding is not just about raising funds - it is about distributing power, and allowing lots of Davids to come together to be a single Goliath.

Crowdfunding models vary, and...

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