; (2) warns investors that they are subject to the restriction on sales requirement described under subsection (e); (3) takes reasonable measures to reduce the risk of fraud with respect to such transaction; (4) registers with the Commission and the Financial Industry Regulatory Authority, including by providing the Commission with the intermediary’s physical address, website address, and the names of the intermediary and employees of the intermediary, and keep such information up-to-date; (5) provides the Commission with continuous investor-level access to the intermediary’s website; (6) requires each potential investor to answer questions demonstrating— (A) an understanding of the level of risk generally applicable to investments in startups, emerging businesses, and small issuers; (B) an understanding of the risk of illiquidity; and (C) such other areas as the Commission may determine appropriate by rule or regulation, including information relating to the owners’ and management’s experience, and any related party transactions and conflicts of interest; (7) carries out a background check on the issuer’s principals; (8) provides the Commission and potential investors with notice of the offering not less than 10 days prior to such offering, not later than the first day securities are offered to potential investors, including— (A) the issuer’s name, legal status, physical address, and website address; (B) the names of the issuer’s principals; (C) the stated purpose and intended use of the proceeds of the offering sought by the issuer; and (D) the target offering amount and the deadline to reach the target offering amount; (9) outsources cash-management functions to a qualified third party custodian, such as a broker or dealer registered under section 15(b)(1) of the Securities Exchange Act of 1934, a trust company, or an insured depository institution; (10) makes available on the intermediary’s website a method of communication that permits the issuer and investors to communicate with one another