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StartEngine Crowdfunding Inc. Sanctioned by Texas Securities Regulator-Austin, TX

StartEngine Crowdfunding Inc. Sanctioned by Texas Securities Regulator-Austin, TX

StartEngine Crowdfunding Inc. Sanctioned by Texas Securities Regulator-Austin, TX 150 150 Rex Securities Law

StartEngine Crowdfunding Inc. Sanctioned by

Texas Securities Regulator

July 2022- Austin, TX 

On June 12, 2022, the Texas State Securities Board (TSSB) entered an order sanctioning StartEngine Crowdfunding, Inc., an equity crowdfunding platform that connects startups, private companies, and investors, which allows startups and private businesses to raise capital from the public through the sales of securities pursuant to the federal Regulation A Tier 2 offering exemption. Howard Marks is named as CEO in the Order.

According to the TSSB order, StartEngine was not registered to sell its own securities in Texas in 2020 and 2021. During that period, in September through December 2021, StartEngine sold shares of its stock to Texas residents in violation of the Texas Securities Act.

The TSSB ordered that StartEngine is hereby reprimanded and assessed an administrative fine of $7,500.

StartEngine’s application to renew its registration as a dealer has been approved.

Rex Securities Law , with offices in Boca Raton, FL,  and  Austin, TX,   provides representation to  investors  nationwide who are seeking recovery of investment losses due to the negligence or fraud of stockbrokers and broker dealers. If you have questions about how your account has been handled, call to speak with an experienced securities attorney.

Most cases handled on a contingent fee basis meaning that you do not pay legal fees unless we are successful.

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Rex Securities Law

TollFree: 877-224-3199

Florida-561 391 1900 

Texas-512-329-2870

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