Series 7 - General Securities Representative Exam

Preview Mode

For Crowdfunding transactions, all of the following are requirements for eligible US Companies to be exempt from SEC registration EXCEPT

The aggregate amount the issuer sells to all investors in a 12-month period does not exceed $1 million
A
Issuers are in compliance with required SEC disclosure filings
B
The transaction is conducted through either a registered broker-dealer or a registered funding portal
C
Issuers solely raise capital from accredited investors during the first 12 month period
D

Explanations

Issuers in a crowdfunding transaction can raise capital from non-accredited investors. As of 05/26/2016, anyone; including non accredited investors, can invest via crowdfunding platforms

Pricing