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A comment on Startup Idea--Need Feedback.

Re:Startup Idea--Need Feedback by maxdemarzi on Wednesday April 20, 2011 @11:51PM (#2469393)
IANAL, but I think you'll run into SEC issues with a setup like this.

Take a look at Reg D, 504

http://www.sec.gov/info/smallbus/qasbsec.htm

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Re:Startup Idea--Need Feedback by jacques_chester on Thursday April 21, 2011 @12:55AM (#2469491)
I had a similar idea to OP and ran into similar regulatory issues.

Still, Paypal was a regulatory nightmare too.

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