Tag Archives: assets

SEC Evolving On Bitcoin

It appears that the Securities and Exchange Commission’s view of crypto-currencies is “evolving.” It is now apparently distinguishing between what it deems to be securities offerings (i.e., initial coin offerings) and tokens that are supposedly “assets.” In a recent speech, … Continue reading

Posted in accredited investor, balance, Banking, Banks, Broker dealers, CFTC, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Investments, Jobs, Legislative Intent, SEC, technology, Uncategorized, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

SEC Says Bitcoins Are Securities

The Securities and Exchange Commission has ruled that bitcoins are securities and subject to Federal (and probably State) regulation. The SEC investigated the offering by the Decentralized Autonomous Organization, a “virtual” organization embodied in computer code and executed on a … Continue reading

Posted in accredited investor, balance, Broker dealers, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fine, FINRA, fraud, Funding Portals, Investments, Jobs, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunders In A Bankruptcy: Go To The Back Of The Line

Everyone knows that startup financing is risky, especially crowdfunding. Although Kickstarter is requiring companies to show a prototype, the risk of design, production and delivery is still high and many companies fail. What you should know is that when your … Continue reading

Posted in accredited investor, Broker dealers, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, fraud, Funding Portals, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Permits Fall Back Verification Methods

The SEC has indicated that even if you cannot use one of the safe harbors under Rule 506(c) to verify that an investor is “accredited,” other evidence could be relied upon to do so under the “principles based” verification method. … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

A New JOBS Act Job – Whistleblower

The crowdfunding public is already pretty vigilant, with a few high profile frauds having been sniffed out. But when the crowdfunding regs get published, a new profession may appear, that of the whistle blower. The SEC actually has an Office … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Who’s Accredited?

The new rule permitting general solicitation of Rule 506 private placements includes a requirement that the issuer “take reasonable steps to verify” that all purchasers are accredited investors. Some of those steps could include doing a broker check on the … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment