Tag Archives: breach

Crowdfunding Portals Beware!

Because 88% of SEC tested broker-dealers and 74% of investment advisers have experienced cyber attacks, the head of the Securities and Exchange Commission’s Division of Enforcement is telling financial institutions that a cyber breach may also result in a violation … Continue reading

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Kickstarter Documents Contract Between Crowdfunders and Donors

Kickstarter has revised its terms and conditions to let crowdfunders know that they are entering into legally binding contracts with their “donors.” The terms now specifically state that if the funder does not comply with its obligations, it could be … Continue reading

Posted in Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, Funding Portals, Investments, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

It’s A Contract

If I promise to deliver to you product X in exchange for $Y, what is that? It’s a legally binding contract. If I take your $Y, put it in my personal bank account and do not deliver your product X … Continue reading

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

You Promised!

Will an investor have recourse if a crowd funded company fails to perform as promised (and there’s no fraud)? Kickstarter’s policy is that if a creator can’t fulfill its project, it ¬†should find a resolution, which could include offering refunds, … Continue reading

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