Bad Actor Check

Who will require a Bad Actor Check (BAC) and what will be asked of them?

BACs are required for those in your company who fall into any of the below categories:

• Director (all individuals on your board, however not informal advisors); 
• Officer (this includes anyone with "officer" in their title);
• Any person or entity that holds 20% or more of the company;
• Promoters associated with the issuer at any time during the sale; and 
• Person compensated for soliciting the investor.

To conduct a BAC, you will be required to provide the following:

• Full legal name
• SSN/TIN
• Phone number
• Address
• Date of birth