b'How to Legally Raise Private Moneyrelationship with the issuer, or the offering is large enough for the bro-ker-dealer to take on the risk. Typical selling broker-dealer fees range from 6% to 10% of the amount raised, plus up to 10% of the backend profits. Clearing or Transaction Broker-DealersIn the wake of the JOBS Act, several broker-dealers have arisen who will provide transactional or clearing services. This includes bad actor checks, anti-money laundering checks, escrow accounts, accredited investor ver-ification, and other necessary services for Rule 506(c) and Regulation A+ Offerings. These clearing broker-dealers can be good insurance for an issuer, but they can also be costly, with fees for various aspects of ev-ery transaction. They are also known for excessive hold times of up to 60 days for investors who transmit their funds through Automated Clearing House (ACH) transactions. These occur because certain banks allow ACH transfers to be rescinded by the maker for up to 60 days, so when you are collecting investments dont accept checks or ACH transfersonly ac-cept wire transfers. This new breed of clearing broker-dealers have taken it upon them-selves to educate prospective issuers about the perils of not obtaining a li-censed representative of a broker-dealer, and of not associating with one for their offering. They are important for keeping the syndication world abreast of regulatory and market changes. Interested issuers should get on the newsletter mailing lists of one or two clearing broker-dealers to learn more about securities industry news. WealthForge and JumpStart Securities are two such companies who were early pioneers in this space in the wake of the JOBS Act, and both have been active in educating and providing services to the Rule 506(c), Regu-lation A+, and Regulation Crowdfunding markets.Typical fees for clearing broker-dealers are 1% to 2% of the amount raised, plus additional fees for each of the ancillary services your offering requires. When to Hire a Securities Broker-Dealer You should consider hiring a securities broker-dealer to handle your transactions for:All Rule 506 offerings where the time period between the closing of 108'