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Making Whoopi as Small Investors Absorb the Risk: Susan Antilla

These days, choosing business interests over investor protection is so popular that even celebrity liberal Whoopi Goldberg is pushing for softer securities laws.

Goldberg “really is about the underdog,” and is sympathetic to the problems of small business owners who can’t get financing, her business partner, Tom Leonardis, told me in a telephone interview last week. That’s why the Oscar-winning actress and talk-show host is backing an effort to get the Securities and Exchange Commission to ease regulations that frustrate a money-raising technique called crowdfunding.