Tag Archives: misleading

Is Crowdfunding Under False Pretenses A Crime?

Is crowdfunding under false pretenses a crime? According to news reports, a young black woman tweeting under the name “reformed republican” tweeted her support for President Trump. Shortly thereafter, she tweeted: “After seeing this tweet, my parents cut me off … Continue reading

Posted in balance, Charity, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding Platforms, discrepancies, Funding Portals, Investments, Jobs, Legislative Intent, review, technology | Tagged , , , , , , , , , , , , , , , | Leave a comment

SEC Runs Initial Coin Offering Scam

The newest, fabest ICO (Initial Coin Offering) pre-sale went live yesterday, the HoweyCoin. It offers a 15% bonus if you buy now, a number of executives who don’t exist, over 1% daily returns (go figure) and celebrity promoters. Sound fishy? … Continue reading

Posted in accredited investor, Banks, checkbook, 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

UK Regulatory Pendulum Swings Towards Tighter Crowdfunding Rules

The United Kingdom’s financial regulator, the Financial Conduct Authority, says it will be cracking down on Peer to Peer crowdfunding lending sites. The FCA said it is “difficult for investors to understand the risks and returns of crowdfunding, marketing material … Continue reading

Posted in accredited investor, Banking, Banks, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, fraud, Funding Portals, Investments, Jobs, SEC, Small Business, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , | Leave a comment

SEC Charges Texas Attorney General With Fraud

The Securities and Exchange Commission alleges that the Texas Attorney General  “… raised $840,000 in investor funds for Servergy and received 100,000 shares of stock in return, but never disclosed his commissions to prospective investors while recruiting them.” Further, the … Continue reading

Posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, discrepancies, fraud, Funding Portals, Investments, Jobs, review, SEC, Small Business, technology, VC, Venture Capital, Wall Street | 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

Be Careful What You Say On Social Media

Go to jail for tweeting? Yes, if you pose as a well known short selling activist and post Tweets that are untruthful. Currently on the lam, James Alan Craig, last of Scotland, was indicted for securities fraud for just that. … Continue reading

Posted in Uncategorized | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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