INDIANAPOLIS - Indiana Secretary of State Connie Lawson has announced rules for crowdfunding in Indiana.
Lawson says the rules announced Tuesday will allow Indiana entrepreneurs to raise up to $2 million through crowdfunding and Indiana investors to invest up to $5,000 per opportunity.
Crowdfunding is a method of raising money from a large number of people, usually online. Using crowdfunding to find investors has been illegal in the U.S. because of laws that were designed to protect the public from scams or bad investments. The Securities and Exchange Commission is working on crowdfunding rules.
Indiana Securities Commissioner Carol Mihalik says crowdfunding has potential to be a great capital formation tool for startup businesses, but says Indiana residents need to be aware of the risks before they invest.
Gas station employee shot overnight
The employee of a gas station was shot early Tuesday morning on Indianapolis' north side.
Thieves hit little league's equipment shed
Neighbors give the Douglass Little League a lot of credit for keeping at-risk youth off the streets, and out of trouble, for more than 60…
Missing boy: We slept on leaves & dirt
The families of two 5- and 7-year-old boys lost last week at Kentucky's Red River Gorge shared the story Monday of the harrowing search…
Warfleigh residents want levee finished
Far-north side residents are trying to pressure the city of Indianapolis and the Army Corps of Engineers to finish a levee project along…
Traffic stop leads police to counterfeiting ring
A traffic stop in Hancock County ended Friday with the break-up of a major clothing and electronics counterfeiting ring, police said.