Fox Rothschild’s Securities Industry Group is pleased to announce its publication of an interactive Survey of State Blue Sky Filing Requirements. SI Group members, A. Binford Minter and Jennifer M.
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New Reg D Rule 506 Filing Rules for New York
In December 2020, the New York State Attorney General altered its filing rules to align with those required by the SEC’s requirements for a Regulation D Rule 506 offering. Now,
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SEC Changes Accredited Investor and Qualified Institutional Buyer Definitions
The United States Securities and Exchange Commission (“SEC”) adopted amendments to the definitions of both accredited investor under Securities Act of 1933 (“Securities Act”) Regulation D Rule 501 and qualified
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SEC Wants Comments on Private Offering Rule Changes
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,
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So You Think You Want To Invest in Medical Marijuana
By most recent estimates, the medical marijuana business is generating at least $4.5 billion a year in revenue. Naturally, many people want to cultivate their own opportunities in this ever
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What FINRA Is Doing About Private Placements
FINRA recently censured and fined a broker-dealer $175,000.00 for failing to perform appropriate due diligence and supervision regarding private placements that the firm and its registered representatives offered. This penalty
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FINRA’s Private Placement Concerns
FINRA is beginning investigations into private placements. New FINRA Rule 5123 requires member firms involved in a private stock offerings to provide investors with detailed information on the transaction prior
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Guess Who Is Watching Your Private Placements
The dog-days of summer certainly did not apply to FINRA when it initiated eight disciplinary proceedings against member firms and registered representatives over private placements. This heightened interest should serve
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Broker-Dealers Have to Start Filing Offering Documents
With the recently adopted FINRA Rule 5123, broker-dealers selling private placements will have to file a copy of any private placement memorandum, term sheet, or other offering document with FINRA. Further, if
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You Gotta Be A Big Boy To Play In The Private Investment Transaction Game
“Big Boy Letters” are usually used to identify that the buyer in a transaction has made its own independent assessment of certain risks involved and that certain information has not been
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