"bad actor" rules are likely to increase the risks and costs
associated with Rule 506 offerings.
The U.S. Securities and Exchange Commission (SEC) has
announced proposed rules 1
that would deny the safe-harbor exemption provided by Rule 506 of Regulation D
to securities for any...
Previous, I summarized the Entrepreneur
Access to Capital Act (H.R. 2930) , a bill which provides for a crowdfunding
exemption to the registration requirements of federal and state securities
laws. The bill was recently passed by the U.S. House of Representatives,
and now awaits U.S. Senate action...
There seems to be some momentum for changes to the
Regulation D's prohibition on advertising a private fund offering. The Managed
Funds Association has asked the SEC to start a rulemaking and one of the SEC's
new advisory committees has also recommended a change.
The SEC's new Advisory...
The Managed Funds Association recently submitted a comment letter to the Securities and Exchange Commission
dated January 6, 2012 requesting the SEC to amend Rule 502(c) of Regulation D
to exempt private funds, such as hedge funds, private equity funds, and venture
capital funds, from the ban on general...
Since the Jumpstart Our Business Startups Act
(JOBS Act) was passed by Congress this past April, the EB-5 community has
waited in anticipation for the Securities Exchange Commission (SEC) to revise
its rul es to remove the prohibition on general
solicitation and general advertising under Regulation...
It’s official. The new SEC rules ending the ban on advertising and general solicitation in Regulation D private securities offerings to accredited investors were published in the US Federal Register on July 24. They are effective 60 days later, or September 23, 2013. After that companies and their...
As many know, when the SEC passed rules allowing companies and private funds to use general solicitation and advertising in certain private securities offerings as mandated by the Jumpstart Our Business Startups (JOBS) Act, they also proposed a series of rules that would add investor protections in such...
by Trent Dykes and Nathan Luce
Earlier today, the Securities and Exchange Commission (SEC) took an important step in making securities-based crowdfunding a reality for many small companies with the release of its proposed rules governing crowdfunding. The proposed rules, called “Regulation Crowdfunding...