Tagged: massachusetts

Do Two New Fraud Cases in Massachusetts Reveal the Perils of Crowdfunding? Not So Fast

Between now and whenever the SEC releases its final crowdfunding guidelines, we’re likely to hear a lot more about the potential pitfalls of letting anyone invest in private companies. Just as in the run-up to legalizing crowdfunding, lots of that talk will center around fraud…. Read More

STATE REGULATORS CONTINUE THEIR MISINFORMATION CAMPAIGN ON CROWDFUNDING

Equity and debt-based crowdfunding (aka crowdfund investing) isn’t even live yet and State regulators, rather than engage in effective and productive dialogue with our industry on how to best protect investors, has chosen to continue its misinformation campaign by describing fraud that is NOT crowdfunding,… Read More

Article Claims Crowdfunding Fraud but Where is the Crowd?

An article in Investment News today alleged a grave Crowdfunding misdeed tookplace in the form of fraud by a company called Prodigy Oil and Gas LLC.  As quoted in the article; Prodigy allegedly sold at least $464,000 in unregistered securities to one Massachusetts investor, according… Read More

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