I've been a bit out of this loop, but what kinds of protections remain in place to protect small investors from hucksters "starting a company"? Is it pretty much caveat emptor or is there stuff not mentioned in this article?
I think this approach is pretty cool, but there are these drawbacks. Are there going to be limits, protections, or restraints? Is the solicitation still only limited to qualified investors or how does this work?
EDIT: I see I missed that the article says "qualified investors", but I'm still not sure if that's the legal term or a more loose term.
I think this approach is pretty cool, but there are these drawbacks. Are there going to be limits, protections, or restraints? Is the solicitation still only limited to qualified investors or how does this work?
EDIT: I see I missed that the article says "qualified investors", but I'm still not sure if that's the legal term or a more loose term.