3 ms·With securities you’re limited to 2500 investors before you need to do a public registration.by rdlecler1 9y agoWith securities you’re limited to 2500 investors before you need to do a public registration.zherbert 9y agoThat's true, but there's a ton of uncertainty with regards to who the "issuer" is for token sales. And I believe it's 2000, not 2500.s73v3r_ 9y agoI can't imagine why, unless someone is trying to be willfully ignorant.