Tag Archives: compensation

SEC Charges Texas Attorney General With Fraud

The Securities and Exchange Commission alleges that the Texas Attorney General  “… raised $840,000 in investor funds for Servergy and received 100,000 shares of stock in return, but never disclosed his commissions to prospective investors while recruiting them.” Further, the … Continue reading

Posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Investments, Jobs, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Funding Portals Can Charge Commissions

The staff of the SEC has clarified that, notwithstanding Rule 401(a) that says that a funding portal may not “compensate employees, agents or other persons …based on the sale of securities displayed” on the platform,  the portals themselves may charge … 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, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

ABA Weighs In on Crowdfunding

The American Bar Association’s Business Law Section, a group of influential securities attorneys, last week filed their (belated?) comments with the Securities and Exchange Commission on the Crowd Fund Act. Because many of these lawyers used to be on the … Continue reading

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

SEC Exempts Websites for Crowdfunding

The SEC now permits social media and internet websites to offer the sale of securities in a Rule 506 (Reg. D) private placement without general solicitation and be exempt from the requirement to register as a “broker dealer” under the … 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, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , | Leave a comment