If you came back after yesterday’s post, we commend your dedication!
You may (understandably) not particularly care about the intricacies of the Securities Act of 1933, the resulting SEC rules, or their state-level equivalents. However, if you are trying to raise money from investors, then you need to know something: those intricacies, and especially the Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and state Attorneys General (like in South Carolina, the Securities Division) who enforce these intricacies, care about you.
Even if contravening these rules does not result in enforcement action and big fines for you, be aware that good investors care deeply about this stuff, and often will not invest if they are even worried you might be raising money in the wrong way.
Some of the upcoming posts involve laws, so come with several disclaimers. At VentureSouth, we are not securities attorneys, brokers, investment advisors or anything else – and we cannot, and do not, provide legal advice or fundraising assistance. Where we link to anyone, we are not acting as their brokers or advisors, or accusing them of violating any laws or rules. Everything here is just for your information and (dare I say it) entertainment.