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.
Senate candidate wants to run for 2 parties
A state Senate candidate wants to challenge an Indiana law that prevents him from appearing on the November ballot as the nominee of two…
Hancock Co. public defender budget explodes
Officials are blaming an increase in drug-related activity and crime spilling over from Indianapolis for draining a suburban county's…
Summer warmth and a few storms race weekend
There's a lot going on this weekend, as we launch the unofficial start to summer! Many of those plans will get in just fine.
Two people shot at bar near IMS
Two people were shot Friday night at a bar about a half-mile from the Indianapolis Motor Speedway.
Union workers protest Carrier's Indy 500 party
Carrier workers and supporters protested outside of a Carrier party Friday on East 21 st Street.