Law faculty member Robert Rapp discusses “crowdfunding”

Law opens investing to the public, but cash comes with risks

Crain’s Cleveland Business (subscription required): Under a new federal law, businesses will be permitted to raise up to $1 million of capital from a broad range of investors—including the average person—through “crowdfunding.” Some say it will democratize investing, while others say it might not have any effect. “It may not be worth the trouble with the restrictions and potential liabilities that have been put on,” said Robert Rapp, an adjunct professor in the School of Law.