A recent Colorado case emphasizes the risks of using unregistered and unlicensed “finders” to sell securities in private placements. A “finder” is a person who is not registered with the Securities Exchange Commission or any other regulatory authority, but who nevertheless assists in the sale of securities. Use of “finders” to sell securities in a private [...]
Archive for June 21st, 2009
No Free Lunch – Colorado Case Points Out Dangers of Using “Finders” in Private Placements
Posted in Securities, tagged broker-dealer, exemption, finder, finder's fee, private placement on June 21, 2009 | 2 Comments »
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