Tag Archives: verify

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

Charitable Crowdfunding: Trust But Verify. But How?

Americans are an empathetic bunch as the recent GoFundMe campaign shows. But should they be more cautious? A person posting as “R.b. “Razor” Sheldon on behalf of Amber Boyd” started a crowdfunding campaign to benefit the family of the challenged … Continue reading

Posted in balance, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, deposits, discrepancies, fraud, Funding Portals, Legislative Intent, review, unfair and deceptive practice | Tagged , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The First Crowdfunding Tweet

Although the timing may be disputed, a tip of the hat to hometown Maryland Cofounders Lab that right after midnight on September 23, 2013 claims to be the first to use Twitter to start its accredited investor crowdfunding campaign. Using … 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, Jobs, Legislative Intent, SEC, Small Business, Venture Capital | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

FINRA’s New Year’s Focus On Crowdfunding

FINRA released its new year’s analysis of risks that it will be focusing on in 2014 that relate to crowdfunding, including: cybersecurity, changes to Reg D permitting advertising, confirming accredited investor status, due diligence responsibilities, filings required in private placements, … 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

SEC Ramping Up Investor Education

In the wake of the recent flood of private placement advertisements (and more to come for sure), the SEC has published two investor advisories. One, titled “Advertising for Unregistered Securities Offerings,” discusses advertising, the definition of private placements and how … 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, Jobs, Legislative Intent, SEC, Small Business, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

The Crowdfunding Floodgates Open

With the amendment to Reg D permitting companies to advertise to the public their private placements, Angel List has opened its doors and now has 1,360 companies on their open website asking for money. It also advertises investing “syndicates” led … 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, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment