Anyone else had to tick this box when they log into crowdcube?
Iâm not really sure why theyâre asking me to agree that I will not invest more than 10% of my worth in specific assets. What are the implications if I do, do i lose some sort of rights for breaching this?
The irony is i actually probably qualify for the âSelf-Certified Sophisticated Investorâ, which is one of the other options. I only have two crowdcube investments and the second one probably took me over my 10% limit
They have to be seen to act responsibly (even though rational sense says that plenty of people will be self-certifying regardless of how much over 10% they have invested).
I donât think itâs the case that youâll lose any rights being over the 10%, but if Crowdcube didnât warn you not to go over 10% they could be in trouble for acting irresponsibly.
I can see that itâs a regulatory requirement, in this case it just seems like pointless box ticking if it doesnât mean anything and no-one is held accountable. Done it now anyway
Makes you stop and think for a second⌠Plus if you put in much more than 10% and get into difficulty because your investments do poorly, thatâs your problem and you canât really lay blame on crowdcube because youâve ticked a box
I wouldnât expect crowdcube to take the blame if i didnât tick the box though. Seems like a silly exercise in bureaucracy just so companies can cover for themselves, where Iâm sure the original intention was to make investors take more care.
