Recently, the SEC issued a concept release to obtain input on possible changes to the offering rules. The SEC may change Regulation D private placements, Regulation Crowdfunding, secondary trading rules,
Continue Reading SEC Wants Comments on Private Offering Rule Changes
JOBS Act
SEC OCIE Exam Priorities Include Dual Registrants, Technology Use, JOBS Act
By Fox Rothschild on
The SEC’s Office of Compliance Inspections and Examinations’ exam priorities include issues arising from the continuing convergence of the broker-dealer and investment adviser professions.
Other OCIE priorities include registrants’ use…
Continue Reading SEC OCIE Exam Priorities Include Dual Registrants, Technology Use, JOBS Act
JOBS ACT EXEMPTION UNDER B-D REGISTRATION
By Fox Rothschild on
The SEC’s Division of Trading and Markets has issued guidance on the exemption from the broker-dealer registration found in Title II of the JOBS Act.
The JOBS Act directed the…
Continue Reading JOBS ACT EXEMPTION UNDER B-D REGISTRATION
SEC EXAM FOCUS REMAINS CONSISTENT
By Fox Rothschild on
The SEC’S Office of Compliance Inspections and Examinations announced its examination priorities to highlight areas of “heightened risk” for registrants. See http://www.sec.gov/news/press/2013/2013-26.htm.).
The OCIE also disclosed areas of emerging risks…
Continue Reading SEC EXAM FOCUS REMAINS CONSISTENT
CROWD FUNDING PLATFORMS AVOID BD REGISTRATION
By Fox Rothschild on
The Securities and Exchange Commission’s Division of Trading and Markets assured two entities that, if they sought accredited investors for start-up companies they would not risk enforcement action by failing…
Continue Reading CROWD FUNDING PLATFORMS AVOID BD REGISTRATION
You Can’t Be a Bad Actor Before the SEC Has Crowdfunding Rules
By Fox Rothschild on
The SEC’s Division of Corporation Finance will consider a bar on so-called “bad actors” from private offerings before announcing rules on crowdfunding under the JOBS Act. However, we anticipate there will…
Continue Reading You Can’t Be a Bad Actor Before the SEC Has Crowdfunding Rules
You Need to Be Concerned About Analyst Communications under the JOBS Act
By Fox Rothschild on
The SEC’s Division of Trading and Markets released guidance on the JOBS Act’s elimination of restrictions on analyst communication and research reports concerning initial public offerings of emerging growth companies.
The…
Continue Reading You Need to Be Concerned About Analyst Communications under the JOBS Act
Still Waiting on the Final General Solicitation Ban-less Rule
By Fox Rothschild on
Despite some strenuous objections, the SEC agreed to propose a rule to lift the ban on general solicitation and advertising for certain private offerings as required by the JOBS Act.…
Continue Reading Still Waiting on the Final General Solicitation Ban-less Rule
Internet Crowd Funding Websites Spike Although There Are No Rules
By Fox Rothschild on
An intriguing phenomenon has occurred. Regulators have recently noticed that there is a sharp rise in Internet crowd-funding sites.
Ironically, the SEC still has not promulgated rules for allowing small businesses…
Continue Reading Internet Crowd Funding Websites Spike Although There Are No Rules
Kickstarter Mimics the SEC
By Fox Rothschild LLP on
As my regular readers (hi mom!) know, I’ve spent a lot of time blogging about Crowdfunding under the JOBS Act. They would also know that this equity-offering form of Crowdfunding…