Protecting Crowdfunders: Is a MiFID-Mimicking Approach Appropriate?

Abstract

The purpose of this article is to illustrate and evaluate the crowdfunding investor protection regime put into place by the Italian regulator. This article casts some doubts on the consistency of the domestic rules with the European framework governing the provision of financial services. Furthermore, it challenges the effectiveness of the decision to apply a burdensome MiFID-mimicking regime to this burgeoning form of business venture financing.