How Does Crowdfund Mainstreet Collect your Personal Information?
We collect your personal information when you open an account, apply to post a campaign or invest in an offering on our site.
We are a Financial industry company required to conduct background checks and take steps to reduce the chances of investment fraud and toward that end we collect information that can include:
- Social Security number
- SEC filings
- Criminal history
- Credit history
- Employment history
- Business ownership history
- Personal address
- Business address
All issuers and investors who participate in Regulation Crowdfunding are required to submit to background checks that could include any or all of the above-listed personal information. We use this information to conduct the required AML background check required under Regulation Crowdfunding Rules. This data is provided to our third-party escrow company Prime Trust, a bank-level encrypted and SEC-approved escrow company. Users who are not actively required to submit this information (such as when an investment is no longer active) may request the deletion of their data by submitting a written request to admin by emailing the admin address @crowdfundmainstreet.com.
How Does Crowdfund Mainstreet Share the Information It Collects about you?
All financial companies need to share their customers’ or users’ information to run their everyday business. We share your information when processing transactions and maintaining and auditing the activity of your account(s). As a regulated portal, CrowdFund Mainstreet is an intermediary, and does not handle any investment funds. We share your information with approved providers of investment escrow and background check services, for example. In addition, we will share your information as required by court order or other legal investigations.
Crowdfund Mainstreet does not sell or distribute your information to affiliates or third parties without your consent. We do not share personal information about you or your creditworthiness to any affiliates for the purposes of allowing them to market their products and services to you. We may use your personal information to market services of ours to you and to market others (affiliates or nonaffiliates) we think might be of interest to you. Affiliates are companies related by common ownership or control and nonaffiliates are companies not related by ownership or control.
How Does Crowdfund Mainstreet Protect your Personal Information?
To protect your personal information from unauthorized access and use, we use security measures that comply with federal law. These measures include computer safeguards and secured files and buildings.