We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close


Wall St. Cop Stakes Its Turf In 1st Crowdfunding Decision

Law360 (June 12, 2019, 10:54 PM EDT) -- The Financial Industry Regulatory Authority recently flexed its power to police crowdfunding websites with a panel's first litigated enforcement action against a funding portal, a move that laid out novel interpretations of the organization’s rules and set up a possible countersuit.  

Seven years after Congress handed Wall Street regulators the responsibility of monitoring certain crowdfunding platforms, FINRA brought down the hammer last week on Silicon Valley startup DreamFunded and its CEO Manuel “Manny” Fernandez. FINRA accused them of misleading investors, promising more due diligence than they delivered and then falsifying documents in an attempt to show compliance.

The decision demonstrated that FINRA will apply...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!