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JOBS Act Update: SEC Misses Rulemaking Deadline, But “the Wheels Are in Motion”

Posted on: July 6, 2012 by Chris MandersonNo Comments »

SEC Chairman Mary Schapiro recently told Congress it was “not feasible” to meet the JOBS Act’s 90-day deadline for the implementation of changes to Securities Act Rule 506 to permit general solicitation in private placements to accredited investors.

Be Careful, Entrepreneurs: Crowdfunding Securities Offerings Aren’t Yet Legal

Posted on: April 29, 2012 by Chris Manderson2 Comments »

Until SEC rule-making is complete the crowdfunding exemption under Section 4(6) is not available for offers and sales of securities. Nonetheless, equity crowdfunding offers are already easy to find on Twitter.

SEC Looks Broadly At 500 Shareholder Rule And Capital Formation For Small Companies

Posted on: April 8, 2011 by Mark Boslet2 Comments »

Securities & Exchange Commission Chairman Mary Schapiro mailed what is certain to be a widely-debated letter to Rep. Darrell Issa (R-Calif.) earlier this week. I don’t know if you’ve read it. The headline news came out Friday in a Wall Street Journal piece noting that Schapiro (pictured) is rethinking the crucial 500-investor threshold rule. This [...]