LEGAL PROBLEMS OF CROWD FUNDING VIA FUNDING PORTAL IN CASE OF EQUITY CROWD FUNDING AS PRESCRIBED IN THE REGULATION OF SECURITIES AND EXCHANGE COMMISSION

Abstract

Notification of the Capital Market Supervisory Board No. Tor Jor 7/2558 Re: Regulation concerning the property commercialization via the internet, prescribed by The Securities and Exchange Commission, is the criterion about Crowdfunding: Equity Crowdfunding, which is a new kind of fundraising in capital market. That is, the Equity Crowdfunding criterion gives an opportunity to startups and SMEs so that they can reach source of funds more simply via the websites on the internet.

According to the comparison research, in terms of the funding portal comparison between Thailand and the United States, both of them have the similarity of founding portal conforming to the law in their countries. However, there is the different in juristic person determination. The United States come up with more obvious regulations, and they allow various kinds of business organization to register as funding portal which is more effective than in Thailand.