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Updated over 11 years ago on . Most recent reply

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Ken Latchers
  • Hatfield, PA
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Legality of Private Money & SEC

Ken Latchers
  • Hatfield, PA
Posted

Given the SEC rules, I see some real estate course gurus who seem basically to pursue private money as follows:

1) You contacted us about our course (perhaps through one of thier spams, facebook or LinkedIn postings.

2) Therefore, we "know" you (and did not get you directly through the now-illegal advertising such as newspaper ads). NOTE: I noticed statements to this effect (you know us because...) in their emails

3) How would you like to become one of our private money lenders? Why, here is a great 16-unit apartment and you could get up to 15% by jumping in now...

Is this REALLY fulfilling the SEC requirements/exceptions (REG D, etc.)

Most Popular Reply

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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
14,128
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22,059
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Jon Holdman
  • Rental Property Investor
  • Mercer Island, WA
ModeratorReplied

Trouble is the penalties for securitiies violations are much stiffer than speeding tickets.

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