October 1, 2015
To avoid disasters, the following items needs to be addressed
for Title III:
a, During the last three days, before the Target Date,
Investors should not be allowed to withdraw their
subscription.
b, Since it's impossible to shut-off the funding at a specific
dollar amount, a 10% "over funding" should be allowed.
c, SEC suggesting to partner-up with Brokerage Houses.
Since their clients are "accredited" investors, should we
post the purchase under the Broker's name or under their
investors, if the transaction goes through a Broker ?
d, The Preliminary Regulation Crowdfunding indicating that
foreign investors are acceptable. Since they don't have
Social Security numbers, what information would be
satisfactory ?