Tag Archives: caveat emptor

Spectacular Crowdfunding Failures

What do mini-drones, gills for people, coolers with speakers, shoes with magnets and a home 3D printer have in common? All were notorious crowdfunding failures. Reasons for the failures included embezzlement, disappearance (with all the money it raised), delivery delays/failures,technological … Continue reading

Posted in accredited investor, Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, drone, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, Uncategorized, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Better Business Bureau Rates Crowdfunding Portals

The Houston Better Business Bureau has put out guidance for consumers about crowdfunding and has even accredited two in their area. “BBB has determined that NextSeed TX, LLC meets BBB accreditation standards, which include a commitment to make a good … Continue reading

Posted in accredited investor, Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, States, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Who Is Responsible for Crowdfunding Scams?

Under SEC rules, disclosures to investors must be true and correct, but what about crowdfunding? The Wall Street Journal points out that some crowdfunding campaigns aren’t quite there yet. For example, Ritot failed to disclose that it was located in … Continue reading

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

You’re On Your Own, Bucky

Crowd funders are told “caveat emptor” by Kickstarter, that has said that it can’t and won’t protect project backers if they are defrauded by a project. The internet site says that they are just a “platform” not a business and … Continue reading

Posted in Broker dealers, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Wall Street | Tagged , , , , , , , , , , | Leave a comment