CrowdCheck Blog

On December 7, 2018, FINRA released its 2018 Report on Examination Findings. This is the second annual report FINRA has released, and it provides a wealth of information for compliance officers. FINRA notes that it is not an exhaustive review of deficiencies exhibited by broker-dealers, but it does highlight those deficiencies that were significant and frequent. While the report focuses on broker-dealer operations, funding portals should take note as well, as FINRA has imputed certain broker-…

On December 7, 2018, FINRA released its 2018 Report on Examination Findings. This is the second annual report FINRA has released, and it provides a wealth of information for compliance officers. FINRA notes that it is not an exhaustive review of deficiencies exhibited by broker-dealers, but it does highlight those deficiencies that were significant and frequent. While the report focuses on broker-dealer operations, funding portals should take note as well, as FINRA has imputed certain broker-…

On December 7, 2018, FINRA released its 2018 Report on Examination Findings. This is the second annual report FINRA has released, and it provides a wealth of information for compliance officers. FINRA notes that it is not an exhaustive review of deficiencies exhibited by broker-dealers, but it does highlight those deficiencies that were significant and frequent. While the report focuses on broker-dealer operations, funding portals should take note as well, as FINRA has imputed certain broker-…

A systematic review of intellectual property assets owned, used, or acquired by a company used to examine use of intellectual property and indentify risks in the company's intellectual property portfolio.

A systematic review of intellectual property assets owned, used, or acquired by a company used to examine use of intellectual property and indentify risks in the company's intellectual property portfolio.

During a financial statement review, an accountant will review the financial statements prepared by a company to establish whether there are material modifications necessary to bring the statements into conformity with an applicable financial reporting framework. This process is less intensive than an audit and is required for offerings between $100,000 and $500,000 under the CROWDFUND Act.

During a financial statement review, an accountant will review the financial statements prepared by a company to establish whether there are material modifications necessary to bring the statements into conformity with an applicable financial reporting framework. This process is less intensive than an audit and is required for offerings between $100,000 and $500,000 under the CROWDFUND Act.

An audit is an examination and evaluation of the financial statements of an organization. An audit is required for offers of more than $500,000 under the CROWDFUND Act. An auditor will ascertain the validity and reliability of information contained in the financial statements. An auditor typically issues an opinion as to whether the financial statements are presented fairly in all material respects. An audit is not a total guarantee of accuracy as it seeks to provide only reasonable…

An audit is an examination and evaluation of the financial statements of an organization. An audit is required for offers of more than $500,000 under the CROWDFUND Act. An auditor will ascertain the validity and reliability of information contained in the financial statements. An auditor typically issues an opinion as to whether the financial statements are presented fairly in all material respects. An audit is not a total guarantee of accuracy as it seeks to provide only reasonable…

The effort a reasonable person (the legal term is a “prudent man”) in the management of his or her own money would take to investigate a company before making an investment in securities.