Posted on: July 6, 2012 by Chris Manderson
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.
Tags: 2000 shareholder rule, Angela Sormani, Bank Holding Company, Chris Manderson, Emerging Growth Companies, Exchange Act, General Solicitation, Globelmmune, ipo, JOBS Act, Mary Schapiro, Midstate Petroleum Company, Private Equity Exits, Private Placements, Rule 506, SEC, Secondary market trading, Section 12(g)(1), Securities Act, Securities and Exchange Commission, Splunk Inc
Posted on: April 29, 2012 by Chris Manderson
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.
Tags: Chris Manderson, Crowdfunding, JOBS Act, Kingsbarns Distillery, Mary Schapiro, SEC, Section 4(6) exemption, Securities Act, Securities and Exchange Commission
Posted on: April 8, 2011 by Mark Boslet
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 [...]
Tags: 500 Shareholder Rule, IPO Rules, Mary Schapiro, National Venture Capital Association, Securities and Exchange Commission