Tag Archives: credit check

SEC Notes Ways to Verify Accredited Investors

The SEC’s Director of Corporation Finance gave the keynote address at the Angel Capital Association Summit stating that there have been 900 private placements that have advertised under the new Regulation D rules, raising ~$10 Billion, compared to 9,200 non-advertised … Continue reading

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Bad Brokers Could Spoil Your Exemption

The Wall Street Journal turns up more than 1,600 stockbrokers whose records failed to disclose bankruptcy filings, criminal charges or other red flags in violation of regulations, without regulators noticing. Note that under recent SEC regs, a “bad actor” includes … Continue reading

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Bad Actor Interps

The SEC is trickling out some interpretations on the Rule 506(d) “bad actor” disqualification. A couple of recent ones included:  All persons who have been or will be paid, directly or indirectly,remuneration for the solicitation of investors, including marketing personnel … Continue reading

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Crowd Capital Services Vets Investors

From the press release: Crowd Capital Services Helps Companies Qualify Their Investors Assists Companies and Investors in Complying With New SEC Regulations WASHINGTON, Jan. 23, 2014 /PRNewswire-iReach/ — Investor Review, Inc. announced today the launching of its website www.crowdcapitalservices.com that helps capital raising companies … Continue reading

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SEC Grants Second “Bad Actor” Waiver

The SEC has issued its second “bad actor” waiver in the case of Instinet. Instinet agreed to a settlement order arising from its payments requested by Instinet’s customer J.S. Oliver Capital Management, L.P. (“JS Oliver”) for expenses that JS Oliver had not … Continue reading

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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