[ryan $]

You need a licenses to offer or sell equity investments or securities period. If you are an investor in the offering and offering the opportunity to other potential investors it must be fully disclosed and be offed to accredited investors. I am NOT a securities attorney, but have held several securities licenses for over 25 years.

Some states also have laws regarding the sale of securities and/or equity as well.

Best,

Kevin

I believe thats only If Elaine is going to be Paid....

If she is just providing information....and is not on the deal, receives no money - i think its fine.

Again i might be wrong

[Kevin Henry-Seacoast]

I believe thats only If Elaine is going to be Paid....

If she is just providing information....and is not on the deal, receives no money - i think its fine.

Again i might be wrong

She will not get in any trouble if she does not get compensated in any form. She can still get in trouble if something with the investment goes wrong and the investor demands their funds back. A host of state have rescission rights. If fraud is uncovered, that a whole other ball of wax, even if she did not know about the fraud.

KH

PS: Never put yourself in the position of having to explain what you did to a regulator. I have seen several people and firms get themselves in a whole lot of trouble for living in the grey area. When the regulators took a look under the hood, they found a lot more than the original infraction.