THE FIX CROWDFUNDING ACT OF 2016
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 [...]
CROWDFUNDING AND STATE LAW
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 [...]
IS CROWDFUNDING BEING — USED?
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 [...]
LIABILITY OF AND COMPENSATION TO FUNDING PORTALS
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 [...]
ONLY REGISTERED BROKER-DEALERS OR REGISTERED INTERMEDIARIES CAN BE FUNDING PORTALS
Only registered broker-dealers or registered intermediaries can sponsor a crowdfunding portal. Registered broker-dealers are permitted to do several things which registered intermediaries cannot, [...]
UPDATES, AMENDMENTS AND REPORTS OF A CROWDFUNDING OFFERING
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 [...]
UPDATES, AMENDMENTS AND REPORTS OF A CROWDFUNDING OFFERING
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 [...]
FUNDING FROM FRIENDS AND FAMILY
Unless you live next door to venture capitals, you have to start out getting capital either from your own savings or from friends or relatives, this can be very difficult. Of course, no sincere [...]