''Companies and individuals get fined and sanctioned for non-exempt offerings of securities all the time all day every day.''
where are those published?
where are those published?
https://www.sec.gov/page/litigation
I dont think SEC reports all
All states have an equivalent agency
CFTC gets involved sometimes and there are some capital offerings and issuance solely under its purview
If you are looking for that you are looking for the wrong thing. If you are on the fence about trying to qualify for a private investment because "law" its not your problem.
But if you are issuing an investment, it definitely is your problem.
Sorry man, not everything that occurs and why it occurs is on Google for your independent review. You just have to talk to people, and lawyers, and come to an average-right conclusion.
Maybe there is some blog somewhere about someone talking about their fine from the SEC or a case study, but its unlikely because people don't want to out themselves like that, or typically settlements (in general, not necessarily with regulator) bar people from talking about them.