{"id":13782,"date":"2017-05-15T11:09:36","date_gmt":"2017-05-15T15:09:36","guid":{"rendered":"https:\/\/qa.bluevaultpartners.com\/?post_type=news&#038;p=13782"},"modified":"2017-05-15T11:12:25","modified_gmt":"2017-05-15T15:12:25","slug":"secs-piwowar-warns-about-safe-crowdfunding-instrument","status":"publish","type":"post","link":"https:\/\/qa.bluevaultpartners.com\/secs-piwowar-warns-about-safe-crowdfunding-instrument\/","title":{"rendered":"SEC\u2019s Piwowar Warns About \u2018SAFE\u2019 Crowdfunding Instrument"},"content":{"rendered":"<h1>SEC\u2019s Piwowar Warns About \u2018SAFE\u2019 Crowdfunding Instrument<\/h1>\n<h4 class=\"deck\">SEC Office of Investor Education and Advocacy issues \u2018SAFE\u2019 alert the same day<\/h4>\n<p>May 9, 2017 | by\u00a0<a href=\"http:\/\/www.thinkadvisor.com\/author\/melanie-waddell\" target=\"_blank\">Melanie Waddell<\/a>\u00a0| ThinkAdvisor<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium\" src=\"http:\/\/media.thinkadvisor.com\/thinkadvisor\/article\/2017\/05\/09\/piwowarmichaelmi600-resize-600x338.jpg\" alt=\"\" width=\"600\" height=\"338\" \/><\/p>\n<p>The Securities and Exchange Commission is monitoring a troubling trend arising out of its <a href=\"http:\/\/www.thinkadvisor.com\/2017\/01\/30\/sizing-up-the-new-sec-chairs-agenda\" target=\"_blank\">Regulation Crowdfunding<\/a> \u2013 the use of a new startup-financing instrument, the so-called \u201cSAFE,\u201d in offerings that are intended for a broad, mostly retail base of investors, SEC Commissioner Michael Piwowar said Tuesday.<\/p>\n<p>Speaking at the North American Securities Administrators Association\u2019s and SEC annual Section 19(d) Conference, (held just before NASAA\u2019s annual public policy conference), Piwowar stated that SAFE, which stands for a \u201csimple agreement for future equity,\u201d is an agreement \u201cbetween an investor and a company in which the company generally promises to give the investor a future equity stake in the company if certain triggering events occur.\u201d<\/p>\n<p>While these SAFE securities have been used in some Reg CF offerings,\u00a0\u201cthey are not securities with which many retail investors are well acquainted,\u201d Piwowar said.<\/p>\n<p><a class=\"fasc-button fasc-size-medium fasc-type-flat\" style=\"background-color: #33809e; color: #ffffff;\" href=\"http:\/\/bit.ly\/2qjAKJJ\" target=\"_blank\" data-fasc-style=\"background-color:#33809e;color:#ffffff;\">Read Full Article Here<\/a><\/p>\n<div style=\"clear:both;\"><\/div>","protected":false},"excerpt":{"rendered":"<p>SEC\u2019s Piwowar Warns About \u2018SAFE\u2019 Crowdfunding Instrument SEC Office of Investor Education and Advocacy issues \u2018SAFE\u2019 alert the same day May 9, 2017 | by\u00a0Melanie Waddell\u00a0| ThinkAdvisor The Securities and &hellip; <\/p>\n<p><a href=\"https:\/\/qa.bluevaultpartners.com\/secs-piwowar-warns-about-safe-crowdfunding-instrument\/\" class=\"read-more\">Read more<\/a><\/p>\n","protected":false},"author":1824,"featured_media":8615,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[3010,2744],"tags":[],"class_list":["post-13782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-asset-manager-news","category-topic"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - 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