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November 16, 2016 by Andrew Stephenson
Funding portals are governed by unique communication rules under Regulation CF and FINRA’s Funding Portal Rules. These rules derive from the restrictions on funding portals regarding soliciting investors and providing investment advice. Additional information can be found in the memo here. 
This entry is filed under Crowdfunding, FINRA, SEC, Section 4(a)(6), Securities Law, Blog
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November 09, 2016 by Andrew Stephenson
Just as with issuer compliance, investment platform compliance with Regulation CF has been all over the map since Regulation CF went into effect in May. Under Rules 300 to 305 of Regulation CF, all intermediaries in Regulation CF offerings have specific requirements that they must meet. For instance, they must register with the SEC and FINRA, take measures to reduce the risk of fraud in transactions, provide educational materials to investors, and comply with process requirements for each offering. It is in the processes for each offering, Rule 303, that we see the most variation in compliance. In particular, under Rule 303, all platforms are required to make...
This entry is filed under Crowdfunding, Disclosure, FINRA, SEC, Blog
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