We live in a world without borders. Securities laws, however, have clearly-defined jurisdictional limits, many of them inconsistent

The financial statements and corresponding discussion of financial condition of an issuer undertaking a securities offering under Regulation

The overlooked Reg A requirement that could land you in hot water https://dealflow.com/seriesd/overlooked-reg-requirement-land-hot-water/

Over the next few weeks, CrowdCheck will be posting a series of blog posts regarding issuer compliance with

A few weeks ago, the State of Ohio was thrust into notoriety(link is external) in the crowdfunding community because the

*Our summer intern, Diana Leung, who will be heading to Georgetown University in the fall, weighs in on

Read CrowdCheck General Counsel Huiwen Leo’s article featured on Locavesting! http://www.locavesting.com/featured/for-investors-the-key-to-crowdfunding-success-is-due-diligence/

Many small companies considering undertaking an offering under Tier 2 of Regulation A may find it advantageous to

After extensive time spent reviewing the communication rules under Regulation CF and their interplay with other securities laws,

As we have previously discussed, the Regulation CF disclosure requirement for the financial condition of the issuer has the potential

Being in the crowdfunding space, my Twitter feed regularly fills up with “how-to” information on promoting crowdfunding campaigns,

With one week to go we are hearing that a number of companies are realizing their financial statements

One of the best practices that has developed in the realm of donation/reward crowdfunding is to provide regular

With all the work that surrounds preparing to file with the SEC (whether you are making a Regulation

Four weeks out from Regulation CF’s go-live date, and journalists, researchers, bloggers and anyone with access to the

We’re 4 weeks out from Regulation CF (Title III of the JOBS Act) going live. This is exciting,

Regulation Crowdfunding becomes effective on May 16 of this year. What can you say now about your crowdfunding

Sure, there has been a lot of talk of Regulation A. Under Tier 2 of Regulation A, you can

Innovation Needs Infrastructure Economic infrastructure is key to the success of ride-sharing apps and crowdfunding efforts. http://bit.ly/1Rxu1iV

In a rather innocuous requirement, the SEC requires that a company offering securities under Regulation Crowdfunding “describe [its]

Since the SEC’s adoption of its Regulation A+ rules, creating two tiers of Reg A offerings and two

Hey, remember when Oprah gave away all those cars and all the lucky recipients got a car with

Oh, companies seeking crowdfunding under Regulation CF, it’s going to be so tempting to do this. There’ll be

One seemingly critical difference between conducting a Regulation A offering under Tier 1 or Tier 2 at the

View our comment letter: https://www.sec.gov/comments/s7-22-15/s72215-9.pdf View the proposals: http://www.sec.gov/rules/proposed/2015/33-9973.pdf

Regulation A is a public offering of securities. Even though it is not a full blown IPO, it

Written by CrowdCheck CEO Sara Hanks and published in Bloomberg BNA Securities Regulation & Law Report. http://bit.ly/1TAjN3d

OK, that has GOT to be the most boring title for one of the most exciting developments in

CrowdCheck has put together its definitive summary of Regulation Crowdfunding as adopted by the SEC. The memo can

Here’s hoping that everyone in the crowdfunding community is planning to respond to the SEC’s proposals on Rule 147

Actually, the SEC has no views specifically on singing kittens that I know of (although I am aware

This is my least favorite bit of the SEC’s Regulation CF: the fact that the exemption from Section

I had a few spare minutes yesterday after making our fifth Regulation A filing with the SEC and

Issuers of securities under Regulation CF will be required to provide financial statements prepared in accordance with US

As we all know by now, the SEC on Friday voted in favor of adopting the regulations that will permit

CrowdExpert.com takes a look at the impact of Regulation A+ since it became available this past summer. http://bit.ly/1LYFKnR

We’ve discussed previously the fact that in a Regulation A offering the SEC gets to see all your stuff.

Thomson Reuter’s Practical Law interviews CrowdCheck CEO Sara Hanks on trends in equity crowdfunding and key issues for companies considering

Here at CrowdCheck, we have been worried about how state regulators would respond to the SEC’s new testing

I had a great conversation with a member of the SEC Staff the other day in which he

Crowdcheck submitted a comment letter today to Washington State’s DFI with respect to its proposed notice filing requirements

Short answer, no. Long answer, maybe, but only after you wait for an extended period of time to

Don’t fool yourself.  While an offering under Regulation A+ is not an IPO on a stock exchange or

There’s an increasing amount of publicity out there from companies that are “testing the water” (TTW) before deciding

Online investment platforms and the EB-5 Visa investment community have been abuzz lately following the June 23 announcement

A common theme that CrowdCheck is hearing from potential issuers looking into using Regulation A+ is that they

Pretty much everyone knows by now that audited financial statements are required for offerings under Tier 2 of

Those of us keeping an eye on filings under revised Regulation A (“Regulation A+”) have noted that, as

The Staff of the SEC’s Division of Corporation Finance has posted some Compliance and Disclosure Interpretations (“CD&Is”) here (scroll down

Good lord, there is a lot of nonsense being written about revised Regulation A, which went into effect

As part of every due diligence exercise for operating companies, real estate projects, and investment funds, CrowdCheck will

Less than a week to go before the revisions to Regulation A go into effect and many companies

By this point everyone knows that the financial statements you must provide to the SEC in Tier 2

Just over two weeks to go to revised Regulation A going into effect (setting aside the litigation) and

Three weeks to go to effectiveness of new Regulation A (we’ll ignore the litigation for the moment), and time for

CrowdCheck, Inc. was named to Entreprenuer Magazine’s “100 Brilliant Companies” for 2015 and joins nine other companies in

…for “filing a federal lawsuit” that is. On the Friday before the long weekend, William Galvin of Massachusetts filed

Just over four weeks to go to effectiveness of new Regulation A, and time for another post on Reg A+ topics.

Five weeks to effectiveness of the changes to the SEC’s Regulation A, popularly known as A+, and we

We blogged about Section 17(b) compliance some months ago. Since then some friends in the market have asked what we

Entrepreneurs and fund managers appreciate the flexibility that comes from organizing as a limited liability company (“LLC”) or

One of the most useful provisions of the Regulation A+ Rules issued by the SEC on May 25 is new

On March 25, 2015, the SEC adopted its final rules to implement Title IV of the JOBS Act

Everybody’s buzzing about the fact that on Wednesday the SEC is going to adopt changes to Regulation A, finalizing the

One of the things that any securities due diligence should look at is whether a company or investment

A recent Washington Post article by Steven Overly asked “Why has hardly anyone applied for equity crowdfunding in

Well that didn’t take long. You know those Nigerian scams where someone emails you and asks you to

Rethinking Section 3(a)(11) for State Crowdfunding http://joewallin.com/2014/12/12/rethinking-section-3a11-state-crowdfunding/

CrowdCheck CEO Sara Hanks looks into the timing of the JOBS Act crowdfunding regulations. Guest post on the

http://www.bizjournals.com/orlando/blog/2014/12/securities-crowdfunding-a-quick-guide-on.html?page=all

Sounds so disreputable, doesn’t it? But some of the SEC rules that apply to stock touts apply to

Securities laws in the United States are based around the idea of disclosure and protection of the naïve

I first started going on about Regulation S and online offerings back in 2012, when I noticed that US

Previously, CrowdCheck has brought readers the message that no securities law violation is too small to bring on SEC enforcement. 

Wait, what? You thought intrastate offerings were exempt from federal securities law? Only bits of it. The “intrastate exemption” for

Here’s another sad story from our “fail files” although it has a happy ending. Entrepreneurs seeking outside investment

http://bit.ly/1r4kIwm THE STATE OF JOBS ACT CROWDFUNDING AND WHAT ENTREPRENEURS NEED TO KNOW Equity and debt-based crowdfunding in

Since March, when CrowdCheck first put together a summary of intrastate crowdfunding exemptions, there has been a significant

In recent months, a lot of excitement has built up surrounding the enactment and use of intrastate crowdfunding

How’s that for a title for a senior thesis at a liberal arts college? Point is, though, that

As many in the crowdfunding space are now well aware, the Washington State Attorney General has brought a case against

An essential part of the due diligence on an offering of securities through Section 4(a)(6) crowdfunding or Rule

Lawyers will know the name of Louis Loss, one of the gods of securities regulation. From one of

The buyout of Oculus VR has renewed interest in the possibilities of securities crowdfunding.  The tricky part of recreating the crowdfunding

The Facebook acquisition of Oculus VR has brought a lot of attention to crowdfunding campaigns by early stage companies.  Some

I don’t understand the reaction to Facebook buying Oculus by opinion writers.  Much of it seems to misrepresent either

In recent months, individual states have been jumping on board the crowdfunding bandwagon by revising their securities laws to make

With the amount of attention that intrastate crowdfunding has been getting lately, we thought it would be important

CrowdCheck Rolls Out Bad Actor Report For Crowdfunding Issuers http://bit.ly/1eNjJLS

In our previous installments of our “Getting ready for seeking investment” series, we have talked about having the right

SEC Chair Mary Jo White is bringing the New York cop-on-the-beat attitude to the SEC’s enforcement of securities

What are we gonna do to screen for you… Sorry, as a child of the 80s I couldn’t

Got your attention? Good, because it doesn’t seem that anything else has. Look small businesses, here’s the thing.

As an entrepreneur you are probably concerned about saving money.  Every dollar saved extends your runway just a little

Well, maybe.  The SEC doesn’t like bad actors in securities offerings.  Since finalizing its Disqualification of Felon and Other

For those who are not interested in reading a long, complicated, legal-centric analysis of the impact of defective

Every major action your company takes—amending the articles of incorporation, hiring company officers, authorizing the issuance of securities,

We often talk about how due diligence can help protect investors from fraudulent investments, but it is important

One area of Title III of the JOBS Act that was rather vague was the ability of a