Takeaways from SEC Updates to Exempt Securities Offering Framework
Rewards-based crowdfunding is perhaps the most recognizable type of crowdfunding. This is due in large part to the success of early movers in the space, like Kickstarter and Indiegogo. Like most crowdfunding campaigns, rewards-based campaigns typically involve small dollar contributions
In the United States, antifraud provisions apply to all securities transactions, including exempt transactions. Companies are responsible for the statements they make when offering or selling securities and false or misleading statements are subject to liability under the antifraud provisions.
In the United States, “restricted securities” are securities that are subject to restrictions on transfer by their owner or holder. They are typically acquired in unregistered, private offerings either directly from the company issuing them or an affiliate of that
Selling securities is serious business. It involves regulated conduct generally designed to provide investors with information about the investment opportunity and ensure that there is some accountability (liability) for the information so provided. Companies considering selling securities pursuant to Regulation