Crowdfunding to come under microscope in securities law overhaul

Tue, 02 Oct 2012

By Paul McBeth Oct. 2 (BusinessDesk) - The revamp of New Zealand's 34-year-old securities law looks set to capture a relatively new way of raising small amounts of money from hordes of people if it strays into the territory of offering returns. Crowdfunding, where individuals turn to large, primarily web-based networks for small donations, has mainly been used to pay for community projects and artistic endeavours - the most famous local example was when film director Taika Waititi used it to help pay for the US distribution of his movie 'Boy...

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