Equity crowdfunding under Regulation CF presents a twist which can be a trap for the unwary. The $1 million limit on the maximum offering amount per 12 month period includes securities sold by [...]
The Fix Crowdfunding Act, sponsored by Congressman Patrick McHenry, passed the House of Representatives in summer 2016 and subsequently was sent to the Senate, but was never passed by the [...]
There are number of law firms which offer themselves as experts on crowdfunding. Many of the crowdfunding sites offer templates or other information to eliminate, or nearly eliminate, the need [...]
Prior to Regulation CF, crowdfunding was limited to either “intrastate offerings ” or offerings only to “accredited investors.” An accredited investor is defined under Regulation D to be, for [...]
The SEC is not provided any official updates on the number of Regulation CF offerings being made. A review of the SEC’s at EDGAR website reflects an average of 3-4 Form Cs filed each week. Based [...]
A company and its officers and directors are liable to the purchasers of a crowdfunding offering if it makes an untrue statement of a material fact or omits to state a material fact required to [...]
Any changes, updates, or additions to information provided in the offer document has to be filed by amendment with the SEC. Any person investing prior to the update or amendment must have the [...]
A company selling securities under Regulation CF is required to prepare an offering document, and must file the offering document and information about it with the SEC on Form C. The Form C must [...]
Any changes, updates, or additions to information provided in the offer document has to be filed by amendment with the SEC. Any person investing prior to the update or amendment must have the [...]
Let’s imagine now that your company has prepared its offering document and has duly filed the notice with the SEC and post of the offering document on an approved portal. You have hundreds or [...]