SEC to consider change to definition of Accredited Investor
At its next meeting of the Investor Advisory Committee of the SEC, to be held on October 9, 2014, the Commission’s agenda includes a discussion of recommendations regarding amendments to the definition of “accredited investor.” The low-hanging fruit would be to simply …
Industry still foggy about crowdfunding nearly one year after adopting Rule 506(c) and eliminating the ban on general solicitation
As we mark the one-year anniversary of the adoption of Rule 506(c) and the elimination of the ban on general solicitation and general advertising, I filter through the discussions taking place among crowdfunding professionals, potential issuers, and lawyers, and it is apparent …
CFTC grants relief to commodity pool operators selling securities using general solicitation in reliance upon Rule 506(c)
September 12, 2014 CFTC grants relief to commodity pool operators selling securities using general solicitation in reliance upon Rule 506(c) Nearly one year ago the Securities and Exchange Commission adopted Rule 506(c), which eliminated the ban on general solicitation and general advertising …