Investor Protection in Equity-Based Crowdfunding
Abstract
Crowdfunding (CF) is a an alternative fundraising process to classic ones from the public through crowdfunding platforms under principles set forth by the local regulations, to raise the funds that the issuer entity/project needs. Crowdfunding types can be categorized as “Equity-based crowdfunding (ECF)”, “Debt-based crowdfunding”, “Reward-based crowdfunding”, and “Donation-based crowdfunding”.
Specially Equity- based CF bears the risk of to be used as a tool of capital markets fraud. So it is essential to regulate the fraud risk in Equity-based CF security issuances and protect the retail investors.
The aim and the scope of this article is to make suggestions to protect Equity-based CF investors with the selected regulations like European Union (EU) and Türkiye on equity-based crowdfunding in the scope of investor protection. To keep the article concise and focused, crowdfunding legislation under U.S. law will not be discussed unless it is unavoidable.
Keywords
Supporting Institution
Nova School of Law
Thanks
Assistant Professor Miguel de Azevedo Moura
References
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Details
Primary Language
English
Subjects
International and Comparative Law (Other)
Journal Section
Research Article
Authors
Publication Date
December 30, 2025
Submission Date
December 22, 2025
Acceptance Date
December 30, 2025
Published in Issue
Year 2025 Volume: 1 Number: 2
APA
Aktaş, M. M. (2025). Investor Protection in Equity-Based Crowdfunding. Eurasian Journal of Comparative Law, 1(2), 149-174. https://izlik.org/JA46UD76UA
AMA
1.Aktaş MM. Investor Protection in Equity-Based Crowdfunding. Eurasian Journal of Comparative Law. 2025;1(2):149-174. https://izlik.org/JA46UD76UA
Chicago
Aktaş, Mehmet Murat. 2025. “Investor Protection in Equity-Based Crowdfunding”. Eurasian Journal of Comparative Law 1 (2): 149-74. https://izlik.org/JA46UD76UA.
EndNote
Aktaş MM (December 1, 2025) Investor Protection in Equity-Based Crowdfunding. Eurasian Journal of Comparative Law 1 2 149–174.
IEEE
[1]M. M. Aktaş, “Investor Protection in Equity-Based Crowdfunding”, Eurasian Journal of Comparative Law, vol. 1, no. 2, pp. 149–174, Dec. 2025, [Online]. Available: https://izlik.org/JA46UD76UA
ISNAD
Aktaş, Mehmet Murat. “Investor Protection in Equity-Based Crowdfunding”. Eurasian Journal of Comparative Law 1/2 (December 1, 2025): 149-174. https://izlik.org/JA46UD76UA.
JAMA
1.Aktaş MM. Investor Protection in Equity-Based Crowdfunding. Eurasian Journal of Comparative Law. 2025;1:149–174.
MLA
Aktaş, Mehmet Murat. “Investor Protection in Equity-Based Crowdfunding”. Eurasian Journal of Comparative Law, vol. 1, no. 2, Dec. 2025, pp. 149-74, https://izlik.org/JA46UD76UA.
Vancouver
1.Mehmet Murat Aktaş. Investor Protection in Equity-Based Crowdfunding. Eurasian Journal of Comparative Law [Internet]. 2025 Dec. 1;1(2):149-74. Available from: https://izlik.org/JA46UD76UA