In talking to one of our clients this morning about crowdfunding, it occurred to me that when doing a listing for debt or, especially, equity, that you be sort of in compliance with state regulations.<\/p>\n
This topic has also been a topic of discussion and regulation by the Securities and Exchange Commission. They are eyeing many crowdfunding sites and posts to see if they’re sort of in compliance with securities regs.<\/p>\n
Here in ol’ backward Arizona, the state regulators have also been known to be confused by the difference between debt and equity. We won a case on this matter several years ago, but, since we don’t have loser pays, the State didn’t reimburse us $31,000 in legal fees. If Arizona is confused odds are other states are. And, if they have big enforcement arms, the governments will take you to court. Or a creditor could, as happened to us.<\/p>\n
So, some words to be wise…..<\/p>\n","protected":false},"excerpt":{"rendered":"
In talking to one of our clients this morning about crowdfunding, it occurred to me that when doing a listing for debt or, especially, equity, that you be sort of in compliance with state regulations. This topic has also been … Continue reading