Recognition And Legal Consequences Of The Invalid Securities-based Crowdfunding Investment Contract

Securities-based Crowdfunding has the characteristics of the Internet,fund raising,securities,public,which is related to the fundraising of small and medium enterprises and investor protection.We should promote the healthy development of Securities-based Crowdfunding,which is conducive to business innovation,enhance economic vitality and promote economic development.However,there are legal risks in Securities-based Crowdfunding.As we all know,Securities-based Crowdfundingt is suspected of violations of the relevant legal provisions,access to public offering of securities red line risk,or even suspected of illegal fund-raising.In practice,many investors are rampant in their illegal activities,and they are also responsible for the "illegal" troubles.For example,the financing of public propaganda,false propaganda and other illegal acts repeatedly,touch the investment contract fraud,illegal fund-raising and other risks.In such circumstances,there is a lot of controversy in the Securities-based Crowdfunding investment contract.In order to solve the dispute over the Securities-based Crowdfunding investment contracts,the judicial practice should first determine whether the Securities-based Crowdfunding investment contracts are valid.In practice,the effectiveness of Securities-based Crowdfunding investment contracts consist of mainly valid and ineffective.It is quite simple to determine whether the investment contract is effective.And the reason that the contract is invalid,usually isthat the contract damage the public interest.In practice,the reasons for the ineffectiveness of the Securities-based Crowdfunding investment contract are usually to harm the interests of investors,that is,damage to the public interest.This paper will analyze the effect of common illegal acts on the effectiveness of Securities-based Crowdfunding investment contracts.If the Securities-based Crowdfunding investment contract is invalid,it will directly affect the project expectations and the progress of the project,and may require the financier to bear certain civil liability,administrative responsibility and even criminal responsibility.Therefore,it is determined that the Securities-based Crowdfunding investment contract is invalid only to solve the problem half.this article will give the relevant legal consequences for further discussion after the Securities-based Crowdfunding investment contract is invalid.