General solicitation of investors under new SEC Rule 506 [look and] (c)
By Tracy J. Nugent
Business and Securities Law,
February 2014
Under new SEC Rule 506(c), issuers of securities in private placements exempt from registration under Rule 506 of Regulation D may now choose to use general solicitation and general marketing, provided they take reasonable steps to verify that purchasers of the securities are accredited investors.
New SEC crowdfunding rules
By William A. Price
Business and Securities Law,
November 2013
An update on the rules governing crowdfunding.
Saint or sinner? The efficacy of the proposed “1,000 Shareholder” amendment to Section 12(g)
By Cory White
Racial and Ethnic Minorities and the Law,
December 2011
Some lawmakers and regulators see the current “500 shareholder rule” of section 12(g) as a hindrance to capital formation, which has always been a stated goal of the SEC and other financial regulators. Representatives David Schweikert (R-AZ) and Jim Himes (D-CT) have introduced a bill that will amend Section 12(g).
Proposed “Bad Actor” exclusion to Rule 506 offerings
By Barry L. Fischer
Business and Securities Law,
July 2011
On May 27, 2011, the Securities and Exchange Commission released a proposed rule which would disqualify an entity from using the Rule 506 private offering safe-harbor if the entity or a “covered person” associated with the entity is or was involved in specified violations of securities laws, securities administrators or other regulatory entities.
Recent SEC enforcement of environmental financial disclosure
By E. Lynn Grayson & Stephanie M. Ailor
Corporate Law Departments,
September 2007
In the past few months, the SEC has resolved a number of pending actions against corporate executives accused of engaging in improper environmental financial reporting.
A primer on SEC Rule 10b5-1: Affirmative defenses for insider trading
By Alan Horwich & Andrew M. Klein
Corporate Law Departments,
November 2003
Securities and Exchange Commission ("SEC") Rule 10b5-1, issued in 2000, provides a means for corporate insiders and others to engage in certain prearranged securities transactions without running afoul of the prohibition on trading on the basis of material nonpublic information about the securities.
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