Tag Archives: promoter

Reg. D ICO Raises $125M From Accredited Investors

Intangible Labs, Inc., a Delaware corporation organized last year, apparently conducted a private placement of Simple Agreement for Future Tokens under Rule 506(c) of Reg. D and raised  $125 million from accredited investors for its Basecoin, a stablecoin project that … Continue reading

Posted in accredited investor, CFTC, checkbook, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, review, SEC, technology, VC, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Lets Fans Become Promoters

Visual  and  audio artists are connecting more than ever with fans through crowdfunding sites like LegionM and Weeshing. The deal is pretty simple: fans contribute to a film or band that they like which allows the production to happen. In … Continue reading

Posted in accredited investor, balance, Broadway, Charity, checkbook, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, Funding Portals, Investments, Jobs, Legislative Intent, Small Business, technology | Tagged , , , , , , , , , , , , , , , , | Leave a comment

Crowdfunding Consultants Don’t Add Much

As more crowdfunding campaigns are failing to raise their targeted amounts (66% this year vs. 50% last year), more startups are turning to PR firms, Twitter masters and other types of “experts” who promise to raise the campaign’s profile to … Continue reading

Posted in accredited investor, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, fraud, Investments, Jobs, Legislative Intent, SEC, Small Business, technology, VC, Venture Capital | 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

SEC Staff Continues To Issue “Bad Boy” Waivers

The secret to obtaining a “bad boy” waiver from the Securities and Exchange Commission is to show: the bad act did not involve an intent to defraud; the misconduct did not involve the sale of securities; the actor has taken … Continue reading

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Red Flags That the Crowdfunding Deal Is A Scam

The Securities and Exchange Commission’s Office of Investor Education and Advocacy published 10 red flags to tip you off that the private placement you are looking at could be a scam, including: a claim of high returns with little risk; … 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, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

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

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, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment