Recent Posts

SEC Misses Deadline to Issue Regulations Eliminating the General Solicitation Prohibition in Regulation D Private Placements
Posted on 19 Jul 2012 by Alexander Davie

For startups looking to raise capital, Rule 506 of Regulation D is probably the most commonly used exemption from securities registration requirements. It allows a company to make offers and sales to an unlimited number of accredited investors[1] in order... Read More

The SEC (Finally) Issues a Preliminary Rule for Repeal of the Regulation D General Solicitation Requirements
Posted on 6 Sep 2012 by Alexander Davie

Yesterday, the SEC finally released its proposed rule to amend Rule 506 of Regulation D to eliminate the general solicitation prohibition for private placement offerings . As I've discussed in a previous post, the SEC's continued delays in issuing... Read More

SEC Continues to Miss Key Deadline in Implementing JOBS Act, Drawing Ire of Congress
Posted on 30 Aug 2012 by Alexander Davie

The JOBS Act contained two provisions that have the potential to help startups in their capital-raising efforts: (1) reform of Regulation D, which will permit more widespread solicitation of angel investors (this is also frequently referred to as the... Read More

James Fanto on Stock Option Backdating & Its Implications for Firm Governance
Posted on 12 Feb 2008 by James A. Fanto

Recent stock option backdating scandals, where an employee stock option recipient obtains an immediate return that he or she has not earned thanks to falsified corporate books and records, have received considerable legal attention lately. Professor James... Read More

Tags: Securities

Are You Ready? Five Key Cybersecurity Battlefronts.
Posted on 27 Oct 2015 by Steven A. Meyerowitz

“No foreign nation, no hacker, should be able to shut down our networks, steal our trade secrets, or invade the privacy of American families. . . . I urge this Congress to finally pass the legislation we need to better meet the evolving threat of... Read More

Maryland Securities Commissioner Issues New Order Adopting a Private Fund Exemption Based on Model NASAA Rule
Posted on 26 Jun 2012 by Alexander Davie

On June 15, 2012, the Maryland Securities Commissioner issued an order adopting the NASAA model rule exemption for investment advisers to private funds . Like the model rule, the new order issued by the Maryland Securities Commissioner , provides for... Read More