Jobs Act 101SEC Censures Crowdfunding Website for Selling to US Investors
Securities Law Blog On November 12, 2014, the Securities and Exchange Commission (the “SEC”) censured Eureeca.com, a Cayman Islands-based crowdfunding website for its failure to implement procedures “reasonably designed” to prevent U.S. investors from using its funding portal… Read More
Rule 506(C) Verification of Accredited Investor Status
Rule 506(c) of Regulation D of the Securities Act became effective on September 23, 2013. The rule fundamentally changes how private placements are conducted, by allowing issuers to engage in general solicitation and advertising of their private placements if specific requirements… Read More
Embracing Equity Crowdfunding l Jobs Act 101
Jobs Act 101 Blog Recently the Securities and Exchange Commission (“SEC”) published its new rules for equity crowdfunding offerings, called “Regulation Crowdfunding,” or “Reg CF” for short. The rules have yet to be finalized, and the Commission is currently asking… Read More
Regulation A+ l Jobs Act
Regulation A+ as proposed creates two tiers of issuers. Tier 1, will consist of those offerings already covered by Regulation A – namely securities offerings of up to $5 million in a 12-month period, including up to $1.5… Read More
Rule 506
On April 5, 2012, the Jumpstart Our Business Startups (JOBS) Act became law. The JOBS Act is designed to stimulate economic growth by improving access to the U.S. capital markets by emerging growth companies. The JOBS Act created… Read More
The Role of the Securities Attorney in a Private Placement Offering
Rule 506(c) fundamentally changes how an issuer conducts its private placement. The rule allows issuers to engage in general solicitation and advertising of their private placement if specific conditions are met. These requirements include that sales may only be… Read More
Regulation Crowdfunding for Intermediaries
Jobs Act 101 Blog Regulation Crowdfund provides for two types of intermediaries, the registered broker-dealer and the funding portal. Broker-dealers do not need to register in order to engage in crowdfunding offerings, but their activities in this area are governed… Read More
Crowdfunding And The JOBS Act
On April 5, 2012, President Obama signed the Jumpstart Our Business Startups Act (the “JOBS Act”), into law. The JOBS Act is comprised of a number of smaller bills that reduce the regulatory burdens confronting emerging companies in… Read More