The Legal Supervision Of The Stock Raising Platform

With the increasing of Internet technology, financial capital by means of Internet technology,and constantly creating many amazing products, equity crowdfunding as one of crowdfunding financing mode in the "Internet+"background, providing a way to take part in for the general investment. However, due to the existing legal gaps, this new financing model has been wandering in the edge of the law, in order to prevent breaking illegal fund-raising law.the equity crowdfunding platform have taken appropriate financing measures to avoid risks, such as limited partnership, restrictions on the number of investors, literally like this expedient does not completely solve difficulties platform:platform unclear legal status, registration approval conditions imperfect, audit capability inadequate, capital operation mechanism of platform has loopholes, and so on.Our country must balance financial innovation and stability, as well as taking into accountthe protection of investors and helping innovative smalland micro enterprisesto raise fund. Besides, our governmont should setup Equity-based Crowdfunding exemption system,improve register standards, Equity-based Crowdfunding platform can be treat as a new legal entity,which will contribute a lot to the multi-layer capital market. At last, appropriate supervision and self-discipline both can standardize the behavior of platforms, guiding the healthy development of the Equity-based Crowdfunding industry.This paper is divided into four parts:The first part, an overview of equity crowdfunding platform, analyzes the concept of equity crowdfunding platform, features, business model, equity crowdfunding legal relations and other issues, and on this basis, analyze the current situation of equity crowdfunding platform for the development and its necessity and theoretical legal regulation.The second part, the basic concepts related to expansion, development status of foreign countries financial regulatory equity crowdfunding platform, effectively summarized experience, summary, evaluation, in order to obtain the favor of equity crowdfunding platform for the development of valuable experience. The third part, of the current legal risk for equity crowdfunding platform and regulatory platform for the status quo in the development process or may encounter other problems:the nature of the platform location was not brought fuzzy legal status, illegal fund-raising operation mode is easy to violate the red line, internet market access standards clear, easy to breed moral platform funds and legal risks.The fourth part of the legal risks of equity crowdfunding platform that may be encountered in the development process, targeted regulatory proposals put forward. The platform characterized as a securities broker to locate their legal status, duties and the obligations and regulatory requirements; by modifying the "Securities Act" to reduce operating costs and other equity crowdfunding platform.