Securities commissioner endorses Colorado crowdfunding bill

DENVER — Gerald Rome, securities commissioner for the Colorado Division of Securities, testified Thursday in front of a legislative committee in favor of a proposed bill that would allow small businesses to raise capital through equity crowdfunding platforms within Colorado.

“We all agree that startup companies play a critical role in expanding economic opportunities by creating new jobs,” Rome said. “We can also all agree that traditional funding for nascent companies is often limited. This crowdfunding mechanism will allow small businesses to pursue an economical way to raise funds through localized securities offerings.”

House Bill 15-1246, introduced by state representatives Dan Pabon,…