Tag Archives: Federal Trade Commission

FTC Investigating Kickstarter Campaign

Crowdfunding buyers of the iBackPack have recently received inquiries from the Federal Trade Commission about the Kickstarter and Indiegogo crowdfunding campaigns that raised over $700,000 but have, as yet, fundamentally failed to deliver a product to its consumers. While the … 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, technology, VC, Venture Capital | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Federal Trade Commission Sues Kickstarter Crowdfunder For Fraud

The Federal Trade Commission has taken its first action against a crowdfunder whose Kickstarter campaign raised $122,000 (4X the target) from 1,246 backers. O The FTC lawsuit says that Erik Chevalier failed to deliver on his promises of creating, publishing … Continue reading

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Other Disclosure Worries

Aside from the fact that your disclosure to potential investors cannot be false or misleading, issuers must also realize that, when advertising their offering under the new Regulation D rules, their ads cannot suggest that their products or services can … 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 | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment