LOS ANGELES—Potential regulatory changes by the SEC regardingaccredited investors, namely Title III, will likely impact real estatecrowdfunding—but to what extent? As GlobeSt.comreportedearlier this month, AlexanderPhilips, CEO and CIO of TwinRockPartners, told us, “If Title III is enacted, it couldthrow open the floodgates for all types and forms of investorsincluding marginally shady, if not totally dishonest ones, whocould turn the crowdfunding industry upside down. This regulatoryvacuum leaves a large and uneasy legal void that could potentiallybe a new field of opportunity for less-than-honest crowdfundingsites and the entities they sponsor.”

GlobeSt.com asked other experts in the field about what theregulatory changes could do to crowdfunding and the real estateindustry. Here, their responses. And stay tuned for an upcomingfeature story in Real Estate Forum onwhat lies ahead for crowdfunding.

GlobeSt.com: What effect will regulation andoversight for qualifying investors have on how quickly crowdfundingis allowed to progress?

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Carrie Rossenfeld

Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.