There are some additional rules that apply specifically to firms selling certain types of equities
and debt securities typically sold on crowdfunding platforms (which we term ‘non-readily
realisable securities’). These are not listed on regulated stock-markets and carry significant risks.
The same securities can be sold over the internet as well as through other media, so we have
rules that apply to their distribution whether or not that takes place on an investment-based
crowdfunding platform