tag:blogger.com,1999:blog-1811893258346327939.post7357770239073417828..comments2023-07-24T22:29:02.523-07:00Comments on Tangled Triangle: Business in BJJ: Crowdfunding and For-profit EntitiesMeganhttp://www.blogger.com/profile/13229873505463921052noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-1811893258346327939.post-87375217724157483982013-01-07T05:18:49.866-08:002013-01-07T05:18:49.866-08:00Natan...thanks so much for your input. I'm in ...Natan...thanks so much for your input. I'm in no way a lawyer, but it just smells rotten. I doubt anyone will be coming after the companies in question, but SEC aside, the premise under which some of the companies are requesting funding is questionable.Meganhttps://www.blogger.com/profile/13229873505463921052noreply@blogger.comtag:blogger.com,1999:blog-1811893258346327939.post-11554046826817060202013-01-07T04:45:21.415-08:002013-01-07T04:45:21.415-08:00Good Morning, Megan.
Securities are not my forte ...Good Morning, Megan.<br /><br />Securities are not my forte by any means, but I don't see how any of these "activities" pass a simple Howey Test. The enterprise in question is dependent on an independent party who has solicited funds under the guise and expectation of making a profit. By my perspective, any arrangement where someone asks me for cash for a chance to make more cash, without any tangible effort or input on my part, is a security. And as such falls under all the SEC oversees.<br /><br />Again, this is not my area of expertise and the particulars are still foggy but it seems pretty cut and dry to me.<br /><br />Nat Anonymousnoreply@blogger.com