Tag Archives: consumer protection

Crowdfunded Microbrewer Disappears Into The Mist

The Kansas City Star has outed Wilderness Brewing, a Kickstarter crowdfunded microbrewery for allegedly disappearing with donor money. It’s two owners raised over $40,000 six years ago to open the beer factory and have failed to do so and have … Continue reading

Posted in accredited investor, balance, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

No Startup Above The Law

The Los Angeles District Attorney slapped unicorn Uber with a $10 million fine for its misleading advertising and failure to pay airport fees. In its press release the DA’s office warns businesses and “… startups in particular, that in the … Continue reading

Posted in accredited investor, CFPB, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fine, fraud, Funding Portals, Investments, Jobs, Legislative Intent, SEC, technology, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Washington State Sues Crowdfunder

Washington State’s Attorney General filed a lawsuit against a crowdfunder who raised over $25,000 from 810 backers on Kickstarter and failed to deliver the promised product for more than 16 months. The AG calls this “crowdfunding theft.” In other words, … 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 | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

UK Financial Conduct Authority Publishes New Crowdfunding Rules

The UK Financial Conduct Authority published new crowdfunding rules today that affect peer to peer lenders and equity crowdfunding portals. The lending rules deal with conduct of business (disclosure and promotions), minimum capital requirements, client money protection rules, dispute resolution … Continue reading

Posted in Banking, 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, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , | Leave a comment