SAN FRANCISCO California’s statewide securities regulator, the Department of Corporations, held an internal meeting late last month to discuss websites that may be jumping ahead of new crowdfunding investment rules which have yet to take effect.
"Pending the rule changes, California is operating as usual," said spokesman Mark Leyes. "There are a great number of websites with crowdfunding in the name, and we are monitoring them to make sure that there is no abuse."
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