Can I use crowdfunding to raise money without violating securities laws in Maine? What are the requirements?

Crowdfunding in Maine

Crowdfunding is a method of raising capital through the collective effort of friends, family, customers, and individual investors. It is unclear whether crowdfunding is regulated under the Maine Uniform Securities Act ^[1.2]. However, it is important to note that securities laws are unaffected by other laws in Maine ^[1.2]. Therefore, it is recommended that you consult with a licensed attorney in Maine who can provide legal advice on the matter.

Conclusion

Based on the available information, it is unclear whether crowdfunding is regulated under the Maine Uniform Securities Act. Therefore, it is recommended that you consult with a licensed attorney in Maine who can provide legal advice on the matter.

Source(s):

• [1.2] Securities laws unaffected

Jurisdiction

Maine

• General