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.
Businesses damaged after trash truck explosion
Five north side businesses were damaged Tuesday when a trash truck exploded.
Speedway police search for robbery suspect
Speedway police were searching for an armed suspect accused of robbing a gas station Monday evening.
Officer hurt, driver struck and killed on I-65
Crashes and slide-offs on icy roadways led to a death, an officer injury and a backed-up interstate in Boone County early Tuesday morning.
HIP 2.0 gets green light from federal goverment
The federal government has given the green light to an expansion of Indiana's health program for low-income residents.
House eyes new rules after nursing home issue
Members of Indiana House would face tighter rules on their conduct under new ethics standards that are nearing approval.
Pike FD called to rescue ATM from Eagle Creek
Authorities were called to Eagle Creek Monday after an ATM was spotted on the ice near the 56th Street bridge.