OSC monitoring crowdfunding activities

Crowdfunding is fast becoming one of the main ways entrepreneurs raise capital, reports the Toronto Star.

The outlet says, “It was even [mentioned] last week at Toronto’s annual prospectors’ convention as a way to help struggling mining firms raise capital to stay afloat in a dismal market.”

But business owners should be careful when seeking investors, says the Toronto Star, since financial regulators are taking notice of crowdfunding activities across different industries.

Read more on how crowdfunding has entered the Canadian restaurant scene.

Also check out:

Tax consequences of crowdfunding

What to do when clients raise money online

More investors using dark pools

Help entrepreneurs get a loan