Tagged: regulation d

June 9, 2014 @ 11:27 am By Samantha Hurst  |  

EarlyIQ, Inc. announced on Monday morning a new feature targeted at simplifying compliance with Bad Actor provisions under U.S. Securities and Exchange Commission (SEC) Regulation D, Rule 506 (d). Under the rule, certain disqualifying events must be monitored and disclosed in order to offer securities in… Read More

April 8, 2014 @ 1:21 pm By JD Alois  |  

In a speech given today to the North American Securities Administrators Association (NASAA) at their annual conference held in Washington, DC, SEC Commissioner Luis A. Aguilar addressed the hot topic of the JOBS Act and some of the exemptions regarding crowdfunding. The NASAA has been… Read More

February 10, 2014 @ 9:18 am By Charles Luzar  |  

Saying a web site is the Match.com or Airbnb of some niche has become a bit clichè, but in the case of Geostellar it is probably most apt to call it the Kayak of solar installations. Part search engine and part matchmaking service, Geostellar aims… Read More

February 7, 2014 @ 10:24 am By David R. Burton  |  

The Securities and Exchange Commission (SEC) is considering substantial increases in the Regulation D thresholds for “accredited investor” income and net worth, which would reduce the pool of potential investors in small businesses and start-up companies by 60 percent to 70 percent. This will impede… Read More

January 23, 2014 @ 8:50 am By JD Alois  |  

The Securities and Exchange Commission filed the new Regulation A rules associated with Title IV of the JOBS Act. The “Proposed Rule Amendments for Small and Additional Issues Exemptions Under Section 3(b) of the Securities Act” were published today thus starting the countdown for the comment… Read More

January 10, 2014 @ 9:56 am By Charles Luzar  |  

The implementation of an exemption under Rule 506(c) of Regulation D in September of 2013 creates a new set of opportunities for private issuers looking to raise capital. It also creates a new set of challenges, specifically a need for issuers (and, by proxy, the… Read More

December 23, 2013 @ 5:00 am By Charles Luzar  |  

In applying a loose definition of the term “crowdfunding,” Rodrigo Nino stands as the undisputed king of the emerging fundraising methodology. He and his team at Prodigy Network crowdfunded a building in Colombia to the tune of over $175 million from investors both in Colombia… Read More

December 9, 2013 @ 4:08 pm By JD Alois  |  

The highly influential American Bar Association (ABA) has posted a comment letter on the Securities and Exchange Commission site sharing their opinion on proposed changes to Regulation D, Form D and Rule 156.  The 52 page letter is signed by Catherine T. Dixon, Chair of… Read More

November 20, 2013 @ 11:27 am By Charles Luzar  |  

Howard Leonhardt and his venture firm Leonhardt Ventures are making use of a new exemption under Rule 506(c) of Regulation D to solicit funding from accredited investors. The money will go towards funding a cadre of businesses participating in his Cal-X Stars accelerator. Leonhardt explains… Read More

November 6, 2013 @ 10:12 am By Charles Luzar  |  

Real estate is a huge driver of growth in the crowdfunding space, and it plays an important role in furthering crowdfunding’s exposure in the global narrative. Real estate investing can provide a nice balance of safety and return, and these investments are backed by tangible… Read More

October 18, 2013 @ 4:09 pm By Charles Luzar  |  

SEC Chair Mary Jo White addressed a crowd at today’s Managed Funds Association Outlook 2013 Conference in New York City. She spoke at length about the JOBS Act and specifically about Rule 506(c) and general solicitation. It may come as a bit of lip service for… Read More

October 9, 2013 @ 9:50 pm By Charles Luzar  |  

In the wake of legalized general solicitation under Rule 506(c), some media outlets, individuals and pundits have shared information that is not accurate. See this infographic as an example, which appeared on Forbes. That isn’t to pick on Forbes or the creators of that infographic…. Read More

September 30, 2013 @ 6:30 am By Samuel Guzik  |  

September 23, 2013 kicked off an historic period in federal securities laws.  For the first time in 80 years companies would be allowed to publicly solicit investors in unregistered private placements so long as all of the investors were accredited.  The SEC did so under… Read More

September 25, 2013 @ 9:00 am By Charles Luzar  |  

The SEC wants to examine how issuers are making use of general solicitation, and in order to do so they’re going to need some help. The SEC’s web site now includes a form that allows digital submission of written materials used for the purpose of… Read More

September 24, 2013 @ 9:33 am By Charles Luzar  |  

Yesterday general solicitation became legal for issuers opting to make use of the newly-minted Rule 506(c) of Regulation D. The option was added to Form D yesterday, which is available on the SEC’s web site. Some news outlets reported that Form D had to be filed… Read More

September 23, 2013 @ 11:26 am By Charles Luzar  |  

With the lifting of the ban on general solicitation, today marks the beginning of a grand experiment in capital formation in the United States. It is also a boon to a crowdfunding industry that has largely been on autopilot while the implementation timeline of the… Read More

September 23, 2013 @ 10:53 am By JD Alois  |  

Coinciding with the relaxation in general solicitation, or advertising  for certain private placements, equity crowdfunding platform SeedInvest has released a White Paper on the regulator change addressing the new playing field.  The document is titled “Living with the New Reg D and its impact on Demo… Read More

September 19, 2013 @ 2:45 pm By Charles Luzar  |  

Ahead of the official lifting of the ban on general solicitation slated for September 23rd, angel investors are becoming more vocal in their opposition to choice parameters of the new rule. A recent petition launched on ipetition.com targets three specific aspects of the rule that… Read More

September 19, 2013 @ 10:18 am By Charles Luzar  |  

Yesterday the SEC held a meeting of top advisors and staff to discuss the latest rulemakings and initiatives from within the Commission. The Angel Capital Association was invited to speak on a new rule to go into effect on September 23rd that lifts the ban… Read More

September 17, 2013 @ 8:04 am By Samuel Guzik  |  

September 23, 2013, represents an historic milestone for the U.S. securities industry. For the first time since the enactment of federal legislation in 1933, companies will be allowed to publicly solicit investors and advertise the sale of securities without registering the offering with either the… Read More