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.
IMPD: 1 person shot on city's south side
One person was shot on the city's south side early Sunday, Indianapolis Metro Police officers confirmed.
Squatters may have sparked parking garage fire
Indianapolis fire crews said homeless squatters may have sparked a fire Sunday in a downtown Indianapolis parking garage.
Ball State falls to SDSU, 70-57
Winston Shepard scored 15 points and JJ O'Brien had 13 to lead San Diego State to a 70-57 victory over Ball State on Saturday night.
Hoosier Marine gets surprise homecoming
An Indiana Marine got a surprise welcome home this weekend after finishing her third tour in Afghanistan.
IMPD: Homeowner shot and killed attempted robber
An Indianapolis man was shot and killed by a homeowner Friday during an apparent robbery attempt, police said.
Several injured in Megabus crash on I-65N
Several people were injured in a crash involving a Megabus on Interstate 65 in Jackson County early Saturday.