FinLaw: Serial issuers of securities need to comply with state blue sky Laws
- By: admin
- Apr 8
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As we’ve previously discussed, a serial issuer operating or using a website that displays and advertises offerings of securities (a “funding platform”) does not necessarily need to register with the SEC (or FINRA) as a broker-dealer.fn1 However, what about State blue sky laws? While Rule 506 of Regulation D and Regulation A+ Tier 2 offering
Read MoreFinLaw: The Issuer Exemption and Investment Advisers Who Are Operating Funding Platforms
- By: admin
- Mar 8
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Can advisers operate a funding platform for Rule 506 offerings without registering as a broker-dealer? This is a common question in the Rule 506 offering space. Funding platforms are websites that display offerings, and there is confusion about what rules come into play, asked by people in many diverse sectors, including technology and real estate.
Read MoreFunding Platforms under Title II of the JOBS Act DO NOT have to be broker-dealers
- By: admin
- Feb 27
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Section 15(a)(1) of the Securities Exchange Act of 1934 makes it unlawful for businesses to effect transactions in, or to induce the sale of any security, unless registered as a broker-dealer. Many people assume that funding platforms under Title II of the Jumpstart Our Business Startups (JOBS) Act must also register as a broker-dealer or
Read MoreWhat is finLawyer.com?
- By: admin
- Feb 6
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finLawyer.com serves the finTech industry. FinTech is the industry to watch. Technology for the financial services industry is no longer the sleepy operational backwater at banks and broker-dealers that once was far removed from the action. FinTech will be a disruptive force challenging the traditional bank and broker-dealer models, opening the door to more investors
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