Legal Question in Securities Law in Illinois

I want to fund my US-based start up by raising capital (around $200k) on the internet from more than a 100 distinct investors. I will be diluting max 60% of the value of my firm. Besides the obvious difficulty (people may think this is a scam) I am curious of the legal aspect only: which Securities laws do I need to be aware of? Is this legally possible?


Asked on 11/16/10, 9:41 am

1 Answer from Attorneys
Adam S. Tracy Securities Compliance Group Ltd

Thank you for your question. In short, you need to be wary of state " blue sky" laws and SEC. Regulations. Specifically, you will need to follow Regulation D, which deals with the private sale of securities. If you provide me with more detail, I would be happy to answer your question further. My email is [email protected]

Read more
Answered on 12/27/10, 7:09 pm


Related Questions & Answers

More Securities Law questions and answers in Illinois