Tag Archives: red flags

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

Crowdfunders Sniff Out Bad Meat Project

Cale Weissman posts today about how the crowd at Kickstarter sniffed out a potentially fraudulent project purporting to raise money for Kobe beef jerky. Unlike rewards based crowdfunding, under the Crowd Fund Act, the funding portals will be tasked with … Continue reading

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

Funding Portals Exempt from New Identity Theft Regs

The SEC adopted final rules yesterday requiring certain regulated entities to establish programs to address risks of identity theft. While the rules apply to broker dealers, it appears that they would not apply to funding portals under the Crowd Fund … 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