The Secrets of Wall St. Course – Crowdfunding
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Question 1 of 17
1. Question
What constitutes a Crowdfunding effort?
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Question 2 of 17
2. Question
What Crowdfunding effort results in a taxable activity?
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Question 3 of 17
3. Question
SEC Reporting Companies can conduct a Crowdfunding effort.
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Question 4 of 17
4. Question
What is the aggregate maximum amount that can be raised through a Crowdfunding effort within a 12-month period?
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Question 5 of 17
5. Question
An investor can invest as much as he or she wants, up to the aggregate maximum amount within a 12-month period.
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Question 6 of 17
6. Question
You must file Form C with the SEC and provide to investors and the relevant broker of funding portal, and make available to potential investors certain information.
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Question 7 of 17
7. Question
An issuer can use more than one Regulation Crowdfunding Portal to conduct a Crowdfunding effort concurrently.
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Question 8 of 17
8. Question
An issuer can use Form C outside the Regulation Crowdfunding Portal to sell to investors.
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Question 9 of 17
9. Question
It is generally prudent to produce a Regulation D 504 or 506 private placement memorandum prior to filing Form C, because by using the identical information and disclosures in Form C as in Regulation D 504 or 506 private placement memorandum, it affords the ability to conduct two separate, concurrent offerings, one inside and one outside the Crowdfunding Portal.
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Question 10 of 17
10. Question
Regulation Crowdfunding Portals can actively promote and solicit my Company’s securities.
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Question 11 of 17
11. Question
Regulation Crowdfunding Portals can purchase my Company’s securities for their own account.
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Question 12 of 17
12. Question
Regulation Crowdfunding Portals can Deny Access to my Company’s securities offering for almost any reason.
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Question 13 of 17
13. Question
The statute and the final Regulation Crowdfunding rules prohibit an issuer from advertising the terms of the offering, except for notices that direct investors to an intermediary’s (Regulation Crowdfunding Portal) platform. The terms of the offering include the amount offered, the nature of the securities, price of the securities and length of the offering period.
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Question 14 of 17
14. Question
If we offer $1,000,000 through a Regulation Crowdfunding Portal and we receive an over-subscription that results in selling more than $1,000,000 in our securities, we can accept those additional investments, as long as we made certain disclosures within our Form C and any concurrent Regulation D 504 or 506 private placement memorandums.
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Question 15 of 17
15. Question
Before Regulation Crowdfunding under Title III, if my Company had over 2,000 investors it would become an SEC Reporting company whether the company’s securities were publicly traded or not. The number of investors I attract and obtain from the Regulation Crowdfunding effort does not count toward that number.
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Question 16 of 17
16. Question
The burden of securities compliance is deflected from my Company to Broker-dealer(s) or Regulation Crowdfunding Portal I choose, because they’re SEC registered and FINRA Members.
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Question 17 of 17
17. Question
Even a lawyer who represents him or herself in matters of law, has a fool for a client.
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