If you are planning to register a fintech company in the USA, then this material will be of interest to you, because you will learn the main legal nuances of this activity. However, we would also like to remind you that the best way to get up-to-date information is through one-to-one consultation on setting up a fintech startup in the US.
When do you need to get licensed for fintech business in the US?
Securities offers arising from ICOs must be registered with the Commission. Also, certain tokens represent offers of securities.
Securities trading platforms are subject to registration, too.
If you want to provide brokerage services in the United States, then you must submit an application to the regulator to register this type of activity. Our specialists will provide high-quality legal assistance in the registration of a business in the US.
Important! To become an investment advisor in the USA, authorization is also required.
How are the alternative investment funds regulated?
If you want to register a fintech company in the United States to provide investment services, you will need to get authorization with the securities regulator.
To establish an alternative investment fund in the United States, you need to know that this activity is subject to strict state control. Securities investment advisers are required to act in accordance with the Advisors Act, which covers the fiduciary duty of investment advisors to act in the best interests of their clients.
What should be considered when starting crowdfunding in America?
Crowdfunding has been a topic of interest for quite some time now as it has allowed thousands of small businesses and individuals to gather the capital they need to fund their growth. In line with this growing trend, the Crowdfunding Regulation was adopted in the States five years ago. A range of requirements must be met to be exempt from this regulation. These mainly relate to maximum bid sizes, investment limits for individuals, intermediary requirements, disclosure, and some other requirements.
Our legal professionals provide consultations regarding the launch of a crowdfunding platform in the US. We will take over the preparation of the necessary documents for registering a crowdfunding platform and its further integration.
How is Open Banking functioning in the US?
In this jurisdiction, as in most others, there is no general requirement for financial institutions to provide customer or product data to third parties. However, financial institutions may be forced to share information with law enforcement. In particular, a law enforcement agency may require information on specific individuals or entities suspected of such activities. In addition, financial services providers are required to report suspicious activity that could be identified as fraudulent.
For years, the US has been a trendsetter in the tech industry. Perhaps this impression was formed thanks to the American companies Google, Apple, Facebook, Amazon, GAFA, IBM, and Microsoft, which are well known all over the world.
In addition, Silicon Valley has gained a reputation as an innovation hub. San Francisco is home to 40.2% of US venture capital investments.
Therefore, registration of a US fintech company seems a great and promising idea. Comprehensive assistance of a fintech startup in the USA is the area in which we can provide you with top-quality legal assistance.
If you have questions about how to choose a payment system for a business in America, please contact our specialists who will provide the necessary advice. One of the toughest things with any business is getting started, so, if you need legal assistance in setting up a fintech company in the United States, please use the form below to contact us directly.