My jurisdiction is: IL/Cook
I'm launching a new venture and I'd like opinion from a Securities lawyer on whether or not my business has to abide by SEC...or have SEC oversight. Some potential investors have raised this issue with us. We think our business doesn't require SEC oversight.
General Description of the Business:
Provide a service platform in which communities of people (fans) can support the growth of individuals or celebrities by investing in them. Our company guarantees that fans receive valuable perks in exchange for their investment, in addition to the opportunity to profit from a market-like environment, where the more successful a 'celebrity' is, the more opportunities are for all the parties to make a profit.
Appreciate your perspective(s). Feel free to email me at wjwfour@hotmail.com if you have any additional questions. Will be willing to share additional information uppon signature of NDA.
-Bill Walsh
I'm launching a new venture and I'd like opinion from a Securities lawyer on whether or not my business has to abide by SEC...or have SEC oversight. Some potential investors have raised this issue with us. We think our business doesn't require SEC oversight.
General Description of the Business:
Provide a service platform in which communities of people (fans) can support the growth of individuals or celebrities by investing in them. Our company guarantees that fans receive valuable perks in exchange for their investment, in addition to the opportunity to profit from a market-like environment, where the more successful a 'celebrity' is, the more opportunities are for all the parties to make a profit.
Appreciate your perspective(s). Feel free to email me at wjwfour@hotmail.com if you have any additional questions. Will be willing to share additional information uppon signature of NDA.
-Bill Walsh