Securities

Recent Posts

Duane Morris Alert: SEC Proposes Disqualifying "Bad Actors" from Rule 506 Offerings
Posted on 10 Jun 2011 by Duane Morris LLP

Proposed "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... Read More

Morrison Foerster-One Down, One to Go: The SEC Completes the First Required Dodd-Frank Act Regulation D Rulemaking
Posted on 19 Jan 2012 by Morrison and Foerster LLP

The Securities and Exchange Commission (the "SEC") recently completed the first of two Regulation D rulemakings mandated by the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 (the "Dodd-Frank Act"). The Dodd-Frank... Read More

Foley & Lardner Alert: SEC Proposes Rule That Would Ban Bad Actors From Exempt Offerings
Posted on 7 Jun 2011 by Foley & Lardner LLP

The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted by Congress in July 2010, includes the requirement that the SEC implement a rule to ban persons who are subject to certain sanctions and disciplinary proceedings or who have been convicted... Read More

Disqualifying Certain Persons From Reg. D Offerings -- Proposed Rules
Posted on 30 Jun 2011 by K & L Gates LLP

By Cary J. Meer, Deborah A. Linn and Jarrod R. Melson Excerpt: On May 25, 2011, the Securities and Exchange Commission (the "SEC") proposed and sought comment on an amendment to Rule 506 of Regulation D under the Securities Act of 1933... Read More

Felons and Fund Managers
Posted on 31 May 2011 by Doug Cornelius

Most private funds rely on a Rule 506 exemption under Regulation D to sell their limited partnership interests to investors. A new SEC rule amending Rule 506 should catch the eye of private fund compliance officers. The concept it fairly straight-forward... Read More

Financial Reform Proposal: The Changing Standard for an Accredited Investor
Posted on 6 Jul 2010 by Doug Cornelius

As financial reform has made its way through Congress there have been several proposed changes to the standard of what it takes to be an accredited investor. In 1982, the SEC prescribed the standard in Rule 501 of Regulation D : 5. Any natural... Read More