Chat live on Crowdsourcing.org with representatives from this group, including Jason Best and Sherwood Niess, Startup Exemption; Ruth E. Hedges, CEO of Funding Roadmap; David Drake and Dara Albright of SoHoLoft; Candace Klein from SoMoLend; Vince Molinari, CEO of Gate Technologies; and Kevin Berg Grell from CAPS/Crowdsourcing.org, at 5pm GMT / 12pm EST / 9am PST on Monday, April 9 to ask questions and offer input regarding key elements of the framework including principles that will:
Establish strong protections for investors in the form of an Investor’s Bill of Rights, including tests to assess investors’ understanding of risk, criminal background checks on issuers, and adequate disclosures by issuers;
Ensure confidentiality of investors’ personal financial information;
Ensure that investors do not exceed statutory investment limits, by implementing standardized reporting and communication among platforms;
Establish standard communication processes for transparent flow of information between the issuer, the investor, the intermediary and the regulatory agency;
Develop a code of conduct for crowdfunding platforms, with enforcement mechanisms to punish bad actors;
Create a recognizable brand common to trustworthy intermediaries.