Tag Archives: Reg D 506

SEC Lifts Ban on General Solicitation

Today, the SEC voted 4 to 1 in favor of implementing section 201(a) of the JOBS Act which lifts the ban on general solicitation, permitting startups, venture capitalists and hedge funds to openly advertise that they are raising money.  This … Continue reading

Posted in Crowdfunding, Dodd-Frank Act, JOBS Act | Tagged , , , , , , | Leave a comment

Mary Schapiro to Leave SEC

Today, the SEC issued this release announcing that Chairman Mary Schapiro will be leaving the SEC in December. After 4 years, she is one of the longest serving Chairmen and in the past two years brought a record number of … Continue reading

Posted in JOBS Act, Reg D 506, Rule 506(c) | Tagged , , , , , , , | Leave a comment

What is a Finder?

Its no secret that both private and public companies, large or small have challenges raising much needed capital from investors. Access to equity can be difficult when complying with a maze of state and federal rules and regulations.  Business owners … Continue reading

Posted in IPO, Reg D 506, Securities Offerings | Tagged , , , , , , , , , , | Leave a comment

Rule 506 and General Solicitation

On August 31, 2012 the SEC issued proposed rules that would eliminate the prohibition against general solicitation and advertising in Rule 506 offerings.  The SEC has requested comments on the proposed rules within 30 days.  You may provide your comments … Continue reading

Posted in IPO, JOBS Act, Legislation, Reg D 506, Rule 506(c), Securities Offerings, Small Business Management | Tagged , , , , , , , , , , | Leave a comment

SEC Reschedules Open Meeting on JOBS Act

If you were anxiously awaiting the guidance to be provided at the SEC’s Open Meeting on the JOBS Act Title II- provisions mandating the removal of the ban on general solicitation and advertising for Rule 506 offerings, then you will … Continue reading

Posted in Dodd-Frank Act, JOBS Act, Legislation, Reg D 506 | Tagged , , , , , , | Leave a comment

FINRA Redefines Suitability

On July 9, 2012, FINRA’s new Rule 2111 became effective. The new Rule requires that a broker-dealer or associated person “have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable … Continue reading

Posted in FINRA | Tagged , , , , , | Leave a comment

JOBS Act and General Solicitation of 506 Offerings

The JOBS Act (the “Act”), signed into law on April 5, 2012, promises to have a significant impact on the sales of securities under federal securities laws.  Currently, any issuer intending to rely on the Rule 506 exemption in an … Continue reading

Posted in JOBS Act, Reg D 506, Securities Offerings | Tagged , , , , | Leave a comment