Coronavirus is the epitome of what a “risk factor” is in any crowdfunding or real estate deal. As such, whatever the deal, issuers are required to warn potential investors about the riskiness of such an investment. If they don’t, then these businesses can get into serious trouble. Coronavirus compounds that issue even more. In this podcast, attorney Mark Roderick of Lex Nova Law provides some real world examples of what Covid19 disclosures are required in crowdfunding offerings and goes over some of the emergency rules that the SEC issued to facilitate Title III crowdfunding during the coronavirus crisis.
The COVID-19 pandemic illustrates exactly why a list of “risk factors” should be included in offering documents when companies issue and sell securities. As Mr. Roderick notes on the podcast, crowdfunding itself can be the catalyst of what may actually restart the economy, but the proper disclosures are a must! For example, if a company issued stock before the pandemic began, its duty to tell investors about the pandemic would depend on which version of Crowdfunding it used. Are you aware of these specifics? If not, listening to this podcast will get you up to speed on important items you may not know about, yet are crucial to your crowdfunding efforts (especially if something goes wrong). In addition, are you aware of the temporary rules that the SEC has adopted to make Title III crowdfunding a bit easier in the short term in four major ways? You’d be wise to get a pen and paper and take notes regarding the significant points Mr. Roderick explains in detail in this episode.
To learn more about how Lex Nova Law can help you raise money for your crowdfunding deal or if you have any questions about the show’s topic, visit Mr. Roderick’s Lex Nova Law website or just google Mark Roderick for more information.
ABOUT OUR GUEST: Mark Roderick
Mark Roderick is a very “boring” corporate and securities lawyer at Lex Nova Law with locations in Cherry Hill, NJ and Philadelphia, PA. Since the JOBS Act of 2012, he has spent all of his time in the Crowdfunding space and today is one of the leading Crowdfunding and Fintech lawyers in the United States.
He writes this widely read blog which provides readers with a wealth of legal and practical information for portals and issuers. He also speaks at Crowdfunding events across the country, and represents industry participants across the country and around the world. He can be reached by email or at 856.661.2265.
All information provided is for informational purposes only. Mapable USA is not a registered broker-dealer, funding portal, or investment advisor. This information presented on this website/podcast is not intended as legal or investment advice for anyone to make an investment in any particular company and is not intended for any companies to rely on this information to form an opinion to go public or not to go public or to do any type of offering of securities. Any information presented is not an offer or solicitation to purchase or sell any securities or financial products. None of the information on the Mapable USA podcast or website takes into account any individual person’s personal objectives, financial situation, needs, or particular circumstances. You must check with a securities attorney to find out if an offering is for you, or if you are going to be in the business of selling any type of securities, you need to make sure you are following your state and federal legislative law so you do not get into any troubles. Do not use the opinions as stated on this show as any way to form an opinion as what is wrong or right or what could be done for your business or as an investor. Mapable, LLC recommends you obtain your own financial, legal, and taxation advice before making any financial investment decision.