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Category Archives: Crowd Funding

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CROWD FUNDING PLATFORMS AVOID BD REGISTRATION

Posted in Broker-Dealer Regulation, Crowd Funding, JOBS Act

The Securities and Exchange Commission’s Division of Trading and Markets assured two entities that, if they sought accredited investors for start-up companies they would not risk enforcement action by failing to register as broker-dealers under the Securities Exchange Act of 1934 Section 15(a)(1).  See FundersClub Inc. SEC No-Action Response, avail. 3/26/13. In granting registration relief,… Continue Reading