Tagged: vincent petrescu

January 3, 2022 @ 9:39 am By JD Alois  |  

Last week, the Securities and Exchange Commission (SEC) filed an administrative proceeding in regards to Vincent Petrescu, the founder of the crowdfunding platform TruCrowd. In September of 2021, TruCrowd was hit with fraud charges, in the complaint SEC v. Robert Samuel Shumake, Jr, along with… Read More

September 20, 2021 @ 4:32 pm By JD Alois  |  

The Securities and Exchange Commission has leveled fraud charges against TruCrowd and three issuers in allegations of fraud regarding $2 million of unregistered securities apparently offered via two investment crowdfunding offerings. As far as we are aware, this is the first significant enforcement action pertaining… Read More

October 1, 2017 @ 10:13 pm By JD Alois  |  

When equity crowdfunding rules went into effect in the USA there was a lot of excitement in the emerging Cannabis industry.  There are plenty of predictions as to how big this industry could grow. Recent law changes in multiple states regarding recreational and medical use… Read More

February 7, 2017 @ 2:18 pm By JD Alois  |  

Fundanna is the first investment crowdfunding portal targeting the Cannabis industry to be approved by FINRA and the SEC to issue securities under Reg CF. Fundanna is the newest brand from Chicago-based truCrowd. Fundanna is looking to leverage the emerging retail Cannabis market that is expected… Read More