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Scott's Blog

Articles posted by: Scott Purcell
SEC Launches an ICO

The SEC Has an Opportunity You Won’t Want to Miss! Howey Coins is the agency’s first ICO. Of course it’s fake, and a very well done setup for idiot investors who have […]

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ICO’s in Violation of FinCEN

In February, the Financial Crimes Enforcement Network (FinCEN) made it very clear that ICO issuers need to get registered as a money services business (MSB). This means that before you […]

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What Have ICO’s Become?

To date, people have bought many types of digital coins (“crypto”), both in initial coin offerings (ICO) and secondary resales (via various exchanges). And now the SEC is stepping in […]

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ICO’s Explained

“ICO”. “Blockchain”. “Digital wallet”. “Crypto”. “Bitcoin”. “Tokens”. “SAFT”. Wow, the acronyms are a bit overwhelming. Let’s simplify things… An “Initial Coin Offering” (ICO) is not a Bitcoin. It is a […]

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ICO’s & Bitcoin – a reality-check

At Prime Trust I receive ICO (“Initial Coin Offering”) inquiries almost daily, with people wanting us to act as escrow agent for the offerings. More on this in a moment. […]

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Arcimoto & NASDAQ – a new paradigm for Reg A

Today marks a watershed moment for the Reg A industry as Arcimoto, led by WR Hambrecht + Co, successfully closed their offering and begins trading on NASDAQ tomorrow. The problem: […]

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Real Estate Crowdfunding – when things go badly

I’ve been hearing some unsettling things in the real estate crowdfunding sector. One mid-tier platform (approx 100 deals done) is not letting investors log onto their accounts, is not answering […]

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Credit Cards & Crowdfunding – Some Considerations

The industry, at long last, has a credit card processor willing to service equity and debt crowdfunding. As portals, brokers and other people jump to do this, I want to […]

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Escrow Costs for Crowd-Direct Offerings Significantly Lowered by FundAmerica and Prime Trust

Traditional bank escrow agents cringe at this new era of “crowd-direct” offerings. Their business models, catering to offerings with perhaps just a handful of investors, never required them to develop […]

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Credit Cards & Securities Offerings

Can people use credit cards to invest in securities offerings? And if yes, how can issuers enable that? This has been a constant request…the thinking is that since Kickstarter allows […]

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