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Frequently asked questions
Why invest in startups?
How much can I invest?
How do I calculate my net worth?
What are the tax implications of an equity crowdfunding investment?
Who can invest in a Regulation CF Offering?
What do I need to know about early-stage investing? Are these investments risky?
When will I get my investment back?
Can I sell my shares?
Exceptions to limitations on selling shares during the one-year lockup period:
What happens if a company does not reach their funding target?
How can I learn more about a company's offering?
What if I change my mind about investing?
How do I keep up with how the company is doing?
What relationship does the company have with DealMaker Securities?
Government-required identity & anti-fraud checks secure all transactions. Why Do We Need This?
Since this is a financial transaction we are required by regulators like the SEC & US Department of Treasury to perform AML (Anti Money Laundering) & KYC (Know Your Customer) verification in order to avoid money laundering, fraud, and identity theft.
Our broker-dealer, DealMaker Securities, LLC uses a Taxpayer Identification Number (TIN), for example Social Security Number (SSN), Employment Identification Number (EIN), Individual Tax Identification Number (ITIN) to fulfill its responsibilities with its Anti-Money Laundering (AML) Program as required by the Bank Secrecy Act (BSA) and its implementing regulations and FINRA Rule 3310 (AML Compliance Program) by requesting, reviewing, and verifying data and documentation provided during securities transactions, prior to acceptance.
Here’s why they are required for startup investments:
Preventing Illegal Activities: Money laundering involves the concealment or disguise of money derived from criminal origins by processing it through a single or series of transactions to make it appear as if it comes from a legal, legitimate source or constitute legitimate assets. Having a verification process, whereby investors are reviewed, checked against governmental databases, and all investment funds are evaluated, startups can feel confident they are protecting themselves from civil and criminal penalties and preventing terrorist financing, drug trafficking, tax evasion, corruption, fraud, and other financial crimes.
Identity Verification/Data: KYC processes help collect essential pieces of data and verify the identity and authority of the investors, ensuring that they are indeed who they claim to be and are authorized to process the transaction they seek to make. This protects against identity theft and fraud.
Regulatory Compliance: Compliance with AML and KYC requirements is mandatory in many jurisdictions. Failure to comply can lead to severe civil penalties, including heavy fines, and even criminal penalties.