The need for suitability and appropriateness in crowdfunding regulation

After sketching the major points of crowdfunding regulations – focusing primarily on the pioneering, Italian system – and after focusing on the rules of conduct in the field of investment services both in theory and in practice, the Article explores how the rules of suitability and appropriateness (also in light of their evolution) combine with financial regulation 2.0 and, specifically, with crowdfunding. The aim of the study is to support the conclusion that (i) crowdfunding deserves attention in light of the growing importance it assumed at the international level and in light of the MiFID evolution in the field of investment services; (ii) although harmonization might seem bold in the current scenario, especially in light of the Report on Crowdfunding in the EU Capital Market Union, it would represent a valuable aim to be pursued by the legislator