# Prof. Anindya Ghose on new rule on crowdfunded securities in the JOBS Act

1 Faculty News October 24, 2013 ![Xinhua logo](/sites/default/files/styles/246w/public/assets/images/con_030505.jpg?itok=6NqP0rMN)>

Excerpt from [Xinhua](http://news.xinhuanet.com/english/indepth/2013-10/24/c_132826741.htm#) -- "'I think the overall idea is a good one that it would allow entrepreneurs to raise capital in a much broader way than previously possible by widely advertising their project,' said [Anindya Ghose](http://www.stern.nyu.edu/faculty/bio/anindya-ghose), a professor at New York University's Stern School of Business. 'In a sluggish economy, this makes a big difference. Direct solicitations through social media and internet definitely raise the scope and scale of crowdfunding,' said Ghose, who is also the co-director of the Center for Business Analytics at NYU Stern."

[Read more](http://news.xinhuanet.com/english/indepth/2013-10/24/c_132826741.htm#)

Additional coverage appeared on [Los Angeles Times](http://www.latimes.com/business/la-fi-crowdfunding-20131024,0,6219000.story#axzz2icxfl6BO).