Why crowdfunding will fail in some countries

GUEST: Recently, I had a call with an eager government organization exploring how to start integrating securities-based crowdfunding into their financial markets. Unfortunately, I believe they are pursuing a strategy that is not structurally sound. They see crowdfunding/online finance as a possible solution to their economic ailments. But they don’t understand that it will require investing time and resources in technology and training as well as policy, to successfully reach their goals.