"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...
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...
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...
By Cary J. Meer, Deborah A. Linn and Jarrod R. Melson
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...
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...
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...