Banking and Finance

Recent Posts

Ban on General Solicitation in Private Offerings Ends September 23, 2013
Posted on 12 Aug 2013 by David N. Feldman

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,... Read More

Intent and the Advertising Rule for Investment Advisers
Posted on 14 Apr 2011 by Doug Cornelius

In its prohibition against fraud, deceit and manipulation, Section 206 of the Investment Advisers Act is strict. There is no requirement of intent. You can argue that you didn't mean to mean to commit fraud. That may affect whether you get referred... Read More

Fees and Performance Results for Advisers and Fund Managers
Posted on 25 Apr 2011 by Doug Cornelius

Section 206 of the Investment Advisers Act prohibits fraud, deception or manipulation, regardless of whether the fund manager is registered. Once registered, Rule 206(4)-1 imposes additional restrictions on advertising that the SEC has determined... Read More

Turning Your PowerPoint into an Advertisement
Posted on 26 Apr 2011 by Doug Cornelius

Once a fund manager is registered, Rule 206(4)-1 imposes additional restrictions on advertising that the SEC has determined would be fraudulent deceptive or manipulative. That means public presentations could be considered an advertisement. First... Read More

Is It an Advertisement?
Posted on 13 Apr 2011 by Doug Cornelius

Section 206 of the Investment Advisers Act prohibits fraud, deception or manipulation, regardless of whether the fund manager is registered. Once registered, Rule 206(4)-1 imposes additional restrictions on advertising that the SEC has determined... Read More