Tag Archives: fraudsters

Charity Crowdfunding Portal Working Around-The-Clock To Stop Fraudsters

GoFundMe, a charity crowdfunding portal, says that it has taken down “a handful” of fraudulent campaigns seeking money for victims of the Manchester, United Kingdom bombing. One such false campaign was put up by a guy “Mike Collins” for his … Continue reading

Posted in accredited investor, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Causes SEC Deja Vu

One of the reasons that the SEC doesn’t like crowdfunding is because the sale of small company shares is just an extension (in its institutional instinctual memory) of the old penny stock – boiler room business. As a reminder of … Continue reading

Posted in Broker dealers, 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

The Coming Tsunami

The state securities administrators are getting very nervous about the coming crowd funding tsunami. “An analysis of Internet domain names by state and Canadian securities regulators found nearly 8,800 domains with “crowdfunding” in their name as of November 30, 2012, … Continue reading

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