Section .2000 – Invest Nc Exemption (Crowdfunding) | Midpage

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North Carolina Administrative Code

§ 2000

Section .2000 – Invest Nc Exemption (Crowdfunding)

.2001Purpose .2002Scope .2003Definitions .2004Exemption Limitations .2005Counting Sales .2006Reserved for Future Codification .2007Issuer Filing Requirements .2008Notice of Intrastate Claim of Exemption Form Requirements .2009Signing Form Nce .2010Content of Disclosure Document .2011Required Statements to Include in Issuer Disclosure Document .2012Circumstances When Additional Disclosure Document Content Required .2013Issuer to Cease Offering and Amend the Disclosure Document .2014FACTORS CONSIDERED WHEN reviewING THE CLAIM OF EXEMPTION .2015Administrator's Notice of Compliance .2016Denial or Revocation of the Exemption .2017Escrow Account .2018Issuer to Provide Information to the Escrow Agent .2019Terms of Escrow Agreement .2020review of the Escrow Agreement .2021Administrator's Rejection of Escrow Agreement .2022Administrator Notice of Approval or Rejection of Escrow Agreement .2023ESCROW AGENT Duties, Responsibilities, and STANDARDS OF CONDUCT .2024NOTICE TO ADMINISTRATOR minimum OFFERING amount REACHED, FUNDS RELEASED FROM The ESCROW Account, AND TERMINATION OF ESCROW AGREEMENT .2025Content of Notice of Release of Funds from Escrow Account .2026REgistered Dealer ACTING AS AN ESCROW AGENT .2027Escrow Agent Requirements .2028Treatment of Information .2029Reserved for Future Codification .2030Funding Portal Registration .2031Contents of Form Ncfp .2032Required Funding Portal Attestations .2033review OF THE FUNDING PORTAL REGISTRATION .2034Administrator Denial or Revocation of Funding Portal Registration .2035ADMINISTRATOR NOTICE OF effective FUNDING PORTAL REGISTRATION .2036FUNDING PORTAL NOTICE TO ADMINISTRATOR OF changes .2037Funding Portal Financial Interest in Issuer .2038Funding Portal Denial of Access .2039Funding Portal Standards of Conduct .2040Reserved for Future Codification .2041limitations on general solicitation and advertising .2042Media Coverage of a Securities Offering Using the Exemption .2043Mandatory CONTENT requirement in permitted ADVERTISING NOTICE .2044Other Requirements for Permitted Advertising Notices .2045Establishing a Platform .2046Individuals Not Subject to Dealer Registration .2047Retention of Platform Communications .2048Administration of Platform Communication Channels .2049additional communication channel requirements .2050Reserved for Future Codification .2051PROVIDING Documents TO PROSPECTIVE INVESTORS AND INVESTORS .2052Manner of Providing Disclosure and Other Documents to a Prospective Investor or an Investor .2053Issuer Shall Require Investor Actions .2054Investor Cancellation of Investment Commitment .2055Release of Funds in Escrow Account .2056Issuer Notice to Investors Minimum Offering Amount Reached .2057Quarterly Reports .2058CONCLUSION OF the offering .2059Reserved for Future Codification .2060Issuer Recordkeeping Requirements .2061Funding Portal Recordkeeping Requirements .2062Requirement for Retention of Original or Equivalent .2063Protection of Investors Against Fraud and Other Misconduct .2064Integration .2065Request for Waiver .2066Factors Administrator May Consider with Regard to Waiver Requests .2067Administrator Notice of Approval or Denial of a Waiver .2068Signatures .2069Electronic Signature .2070Signature Verifies Information Is True .2071Filing with the Administrator .2072Reserved for Future Codification .2073Filing Electronically .2074Amending a Document Filed with the Administrator .2075Abandonment or Withdrawal of Filing .2076Calculation of Time