Tag Archives: C&DI

Beware Of Companies Touting “506(b) Compliant” Internet Platforms

Steve Jobs is quoted as saying that “innovation distinguishes between a leader and a follower.” While I personally agree with this statement, and it may certainly be the case in the mobile device and other industries, when it comes to … Continue reading

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SEC Issues New Guidance: Use Of The Internet Not Always Considered General Solicitation

Last week the Securities and Exchange Commission (SEC) responded to a “no-action” letter (RE: Citizen VC, Inc.) concerning the establishment of “substantive relationships” with previously unknown potential investors and what constitutes “general solicitation” in the context of a private securities offering. … Continue reading

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PUT OUT THE “FOR SALE” SIGN – New CDI 141.05 Allows General Advertising By Issuer In An Intrastate Offering

In my prior post “SEC Releases New Guidance On Intrastate Offerings,” I reviewed Compliance and Disclosure Interpretations (“C&DIs”) numbers 141.03, 141.04 and 141.05 released by the SEC in April relating to securities offerings made pursuant to Rule 147 and Section … Continue reading

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