The SEC has reduced disclosure requirements for Rule 506(b) offerings sold to non-accredited investors so they match those in Regulation A.
Read MoreThe SEC has made it easier for issuers to verify accredited status for repeat investors under Rule 506(c).
Read MoreStarting in December individuals may be accredited based upon their credentials, and issuer employees may be accredited based upon their "knowledge." However, there is no bright-line test to determine which employees are sufficiently knowledgeable to be accredited investors.
Read MoreThe Securities and Exchange Commission has proposed a rule that would, under limited circumstances, allow unlicensed individuals to be compensated finders in certain securities transactions.
Read MoreThe SEC has adopted a rule expanding the definition of accredited investor to include certain securities professionals, knowledgeable employees of the issuer, and others.
Read MoreOn March 4, 2020, the Securities and Exchange Commission (SEC) proposed a new rule, which would clarify and harmonize integration concepts for several types of exempt offerings. The new rule also would shorten the safe harbor in Regulation D from six months to 30 days
Read MoreA recent SEC report reveals that Rule 506(b) remains the overwhelming choice for capital raises among small businesses.
Read MoreThe SEC recently proposed a rule change which would expand and modernize the definition of accredited investor.
Read MoreIndividual orchestra musicians aren’t considered responsible for a musical composition or interpretation, even if the musicians, themselves believe them to be lacking. That responsibility lies with the composer or conductor who created it. The same may not be true with securities. People who relay inaccurate information they did not author now may be held responsible for securities fraud.
Read MoreIn 2015, the US Securities and Exchange Commission (SEC) adopted what has become known as Regulation A+. Like transposing instruments, Regulation A+ was designed to make it easier for small businesses to raise new capital. Yet, just as an A played on alto clarinet sounds like a G, Regulation A+ doesn’t provide an A+ solution for all businesses or issuers.
Read More