#114: Advertising Private Offerings: Oxymoron? Successful? Yes and Yes
September 18, 2014 - Read the full Forbes article and watch the interview here: http://onforb.es/1o4AAv2. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. The Prodigy Network, led by Rodrigo Nino, is a real estate crowdfunding site that has already raised hundreds of millions of dollars. Since Title II of the JOBS Act was implemented one year ago on September 23, 2013, much of the money the company has raised in the U.S. has been under these new rules. Title II of the JOBS Act allows “General Solicitation,” that is advertising, of private offerings with certain restrictions, most notably that the actual sale of securities under such an offering be limited exclusively to accredited investors. The Securities and Exchange Commission rules under Regulation D, 506c limit define the conduct of a general solicitation for a private offering. Best practices in the industry are still developing.