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.
Suspect, victim in murder-suicide identified
Police now know the identities of the two people shot and killed in an apparent murder-suicide on the city's northeast side.
PHOTOS: Comic Con 2016
The Indiana Comic Con is Indianapolis’ largest, true comic con. Featured are exhibitors that cater to a wide-spectrum of interests…
Officer hit by car while investigating crash
Police were investigating a crash when they stopped another driver for going the wrong way.
A few showers and areas of fog tonight
ALERT – A few showers and areas of fog possible overnight.
1988 Indy 500: Rick Mears has his third win
The 1988 Indianapolis 500 was a show of record breaking domination by some of the most familiar figures in track history.