Tag Archives: insurance

Company Claims To Insure Vs. Crowdfunding Fraud

There’s a company that claims to be insuring donors against crowdfunding fraud. It’s website says that: “If a campaign you back turns out to be fraudulent, [they] will refund each dollar you lost.” The premium is cheap, $10 for 1 … Continue reading

Posted in accredited investor, balance, Broker dealers, checkbook, Consumer Financial Protection Bureau, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, Small Business, technology, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

Health Care Arrest Spawns Crowdfunded Defense

A crowdfunding page has been set up to pay for the defense of a woman arrested for allegedly trying to run a Republican Congressman off the road. After refusing to meet with her or set up a town hall meeting … Continue reading

Posted in Banks, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Funding Portals, Legislative Intent | Tagged , , , , , , , , , , , , , , , , | Leave a comment

AIG To Offer Crowdfunding Insurance in UK

One of the biggest problems in crowdfunding is that the crowdfunding company does not perform, typically by not delivering a pre-sold product as promised. Now, if the reason for non-performance is fraud, American International Group (AIG), a major global insurance … Continue reading

Posted in accredited investor, Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Dodd Frank, Film, fraud, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, unfair and deceptive practice, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Gone Guy – Crowdfunder Disappears

News reports the radio silence of the Kickstarter fund raiser (“Jig”) who received over $114,000 from more than 4,000 backers to create his video game The Stomping Land in June 2013. The latest communique is apparently a bulletin board message … Continue reading

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

SEC to Meet to Decide on Reg. D Solicitation Rules

The SEC has set a date for an open Commission meeting for next Wednesday to finally adopt rules relating to Title II of the JOBS Act, that will permit issuers to conduct Rule 506 offerings using general solicitation under Reg … 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, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Fraud Insurance

There has been a proposal made to provide private insurance for the benefit of all crowd funding investors in the event of fraud perpetrated by the issuer. This would be an added cost (perhaps 2.5% to 5% of the face … 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

Does Less Disclosure Mean More Exposure?

The guys at Property Casualty 360 seem to think so. This national insurance underwriter website notes that a recent survey of PC underwriters implies an increase in premiums as a result of the JOBS Act (read crowd funding) due to … Continue reading

Posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , | 1 Comment