by Staff of the Firm | Jan 14, 2016 | JOBS Act, Raising Capital, Securities Laws, Uncategorized
More on the Rules for an Offering in a Single State Rule 147 Intrastate Exemption: Proposed Amendments. The proposed amendments would: (1) eliminate the current restriction on offers, while continuing to require that sales be made only to residents of the issuer’s...
by Staff of the Firm | Jan 7, 2016 | JOBS Act, Raising Capital, Securities Laws, Uncategorized
October was a busy month for the Securities and Exchange Commission (SEC). On October 30, 2015, the day the agency finally voted to adopt the crowdfunding final rules, it also issued proposed rules to amend: (1) Rule 147, which currently provides a safe harbor for...
by Staff of the Firm | Aug 25, 2015 | JOBS Act, Private Placements, Raising Capital, Securities Laws, Uncategorized
Regulation D, Rule 506 As you can see, the overwhelming popularity of Rule 506 is largely the result of preemption of state securities laws. In fact, an analysis of Regulation D offerings based on approximately 27,000 Form Ds filed between September 15, 2008 and...
by Staff of the Firm | Aug 22, 2015 | JOBS Act, Private Placements, Raising Capital, Securities Laws, Uncategorized
Regulation D, Rule 505 Rule 505 of Regulation D provides an exemption for offerings up to $5,000,000 in a 12-month period.[1] This exemption is not available to investment companies[2] or the so-called “bad actors.”[3] Just like in Rule 504 offerings, a company...
by Staff of the Firm | Aug 15, 2015 | JOBS Act, Private Placements, Raising Capital, Securities Laws, Uncategorized
An Overview of Exemptions In our previous posts on exempt offerings and crowdfunding, we discussed some of the most commonly used exemptions from the registration requirements of the federal securities laws, including Regulation A and Rule 506(b) under Regulation D,...
