Which of the following statements about crowdfunding are true? Please select all that apply.
a. Reward-based crowdfunding campaigns are more strictly regulated than equity-based offerings.
b. Both individuals and institutions can raise funds via crowdfunding.
c. While only accredited investors can participate in equity-based crowdfunding, all investors can participate in reward-based crowdfunding.
d. Both individuals and institutions can invest in a crowdfunding deal.