Banking and Finance

Recent Posts

Why You Can’t Really Include Non-Accredited Investors in Rule 506 Offerings
Posted on 1 Sep 2015 by Alexander Davie

One common misconception I encounter among startups is the idea that companies raising capital can include non-accredited investors in Rule 506[1] offerings. While it is technically true that a Rule 506 offering may include up to 35 non-accredited investors... Read More

Rep. McCarthy (R-CA) Introduces Legislation to Eliminate Ban on General Solicitation for Private Placements
Posted on 5 Oct 2011 by Alexander Davie

Representative Kevin McCarthy (R-CA and House Majority Whip) recently introduced the Access to Capital for Job Creators Act (H.R. 2940) , which would remove the ban on general solicitation for securities offering conducted under Rule 506 of Regulation... Read More

EB-5 Practice under the JOBS Act
Posted on 25 Jul 2012 by Yi Song

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... Read More

Lifting the Ban on General Solicitation and General Advertising
Posted on 23 Mar 2012 by Doug Cornelius

On Thursday afternoon, the US Senate passed the Jumpstart Our Business Startups Act, a bill designed to make it easier for small companies to raise capital. The centerpiece of the legislation is the crowdfunding provision. However, the Senate passed... Read More

Lifting the Ban on General Solicitation
Posted on 5 Oct 2011 by Doug Cornelius

From a securities compliance perspective, when you see an advertisement or an email seeking capital for an investment opportunity there is most likely a problem. Now there is a bill in Congress that would change that view. When selling a security... Read More

General Solicitation Restrictions for Private Placement Issuers
Posted on 22 Sep 2015 by Arina Shulga

On August 6, 2015, the Securities and Exchange Commission (the "SEC") issued a number of Compliance and Disclosure Interpretations (" CDIs ") related to the issue of “general solicitation” (or “general advertising”... Read More

New Era in Private Capital Raising – Opening Up General Solicitation and General Advertising
Posted on 26 Aug 2015 by Sands Anderson PC

by David Carroll The next few years may be the largest watershed event in opening up private equity capital since the 1980s when Regulation D was first published by the Securities and Exchange Commission (“SEC”). By allowing general solicitation... Read More

New Era in Private Capital Raising – Opening Up General Solicitation and General Advertising
Posted on 26 Aug 2015 by Doug Esten

by David Carroll The next few years may be the largest watershed event in opening up private equity capital since the 1980s when Regulation D was first published by the Securities and Exchange Commission (“SEC”). By allowing general solicitation... Read More