Compliance Boundaries

The issuer site can educate and warm up investors, but the regulated transaction must live on the intermediary platform.

Allowed here

  • Mission and product storytelling.
  • Non-binding interest capture and event registration.
  • Counsel-approved investor education that points to the intermediary.
  • Post-close updates that align with filed disclosures.

Keep off the issuer site

  • Accepting investment commitments on the issuer site.
  • Hosting official Form C transaction flow or investor questionnaires.
  • Collecting funds or managing investment-limit checks.
  • Publishing unverified claims or uncounseled offering language.

Release gate

No public launch until counsel approves the copy, the intermediary flow is confirmed, and the claims matrix is frozen.

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