While the SEC has been slow to implement crowdfunding for unaccredited investors, we fully support the SEC taking a deliberate approach to rule crafting.
But the faculty committee concluded that her work, which dealt with the formation of conscience, included a "substantial number of unaccredited direct quotes from other texts".
Inspired by the success of pioneers such as microfinance site Kiva and crowd funding sites like KickStarter and indiegogo, I expect that once the JOBS Act is fully enacted and allows for equity investments by unaccredited investors we will see a surge of specialized crowd funding sites with great positive impact on deserving individuals and new ventures.