Regulatory Alerts2022-08-04
Warning Against Investing With Unregistered Investment Crowdfunding Platforms
The Securities and Exchange Commission warns the investing public against using unregistered crowdfunding platforms, declaring that operating without registration is illegal and may result in operator prosecution and client investment losses. Following its January 2021 crowdfunding rules, the Commission mandates that all platforms complete registration by June 30, 2021 to ensure effective investor protection. Members of the public are advised to verify an entity’s registration status directly through the Commission’s official website, email, or telephone before participating in any investment scheme.
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