Regulation Crowdfunding

Crowdfunding Investor Transparency

What happened after the money was raised?

Investors should be able to find the records that explain what happened after an offering. Start with public filings, then identify what the records answer and what remains unclear.

Check an offering’s filings

Search SEC EDGAR for the legal issuer. The SEC’s issuer guide explains the reporting requirements and when they end.

Form C: Start with the offering statement. Match the issuer’s legal name and SEC identifier to your investment confirmation, then check any amendments.
Form C-AR: Look for annual reports and note the fiscal year each covers. While the reporting obligation continues, the annual report is generally due within 120 days of fiscal year-end.
Form C-TR: Look for a notice that the issuer has ended annual reporting. There are permitted reasons to stop reporting, so a missing annual report alone doesn’t establish a violation.

A future tracker will link to the issuer’s filing history and date each observation, for example, “Form C-AR for fiscal year [year] not found in EDGAR as of [date].” Issuers can send a correction with a link to the relevant public filing.

What would help

For your own records, note the offering name, investment amount and date, what happened, and what you asked the issuer or platform to explain. Keep investment confirmations, dated updates, and replies somewhere private.

Dedicated investor intake is not open yet. Do not send account numbers, tax forms, or investment documents by email. The planned intake will ask contributors to confirm their own account and tie factual claims to source records for review.

Where to raise a concern now

Arclight is not a law firm and does not offer legal advice. Sharing a concern does not make you part of a lawsuit.

Arclight Action Public Benefit Corporation is not a law firm. Submitting an inquiry does not create an attorney-client relationship or enroll you in a lawsuit.

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