Want to create an interactive transcript for this episode?
Podcast: Syndication Law & The Private Placement Memorandum Attorney
Episode: SEC and State Compliance Part 6: Finders in Reg D Capital Raising
Description: When raising capital for your business or fund, compliance with the SEC and state law rules is paramount. It's vital to understand both the role and the regulations related to 'finders' - individuals who help you raise money. Although not all finder activities are illegal, it's easy to cross the line into an area that the SEC could deem a regulatory issue. There are 16 key criteria you need to be mindful of when using finders. These range from how the finder is paid (avoid performance-based pay unless they're a registered broker-dealer), to whether they assist in transactions, participate in...