Do it, Obama: Crowdfunding, Why the SEC Bans It, Obama Wants It, and Banks Fear It

He may soon get his wish. President Obama has called for a lifting of the SEC ban as part of his jobs plan. "Right now, entrepreneurs like these bakers and these gadget-makers are already using crowdfunding platforms to raise hundreds of thousands of dollars in pure donations—imagine the possibilities if these small-dollar donors became investors," two White House officials wrote in an explanation of the policy