Tag Archives: private placements

Changes To “Accredited Investor” Definition Recommended By SEC Staff; The Good, The Bad And The Ugly

Pursuant to Section 413(b)(2)(A) of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”), the Securities and Exchange Commission (SEC) is required to re-examine the definition of “accredited investor” every four (4) years. The intent of the review … Continue reading

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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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LOOKING FOR THE EXIT – Commissioner Aguilar Presses On The Need For Greater Secondary Market Liquidity

Earlier this month, Commissioner Luis A. Aguilar addressed the Advisory Committee on Small and Emerging Companies in Washing D.C. In his speech, Commissioner Aguilar echoed the sentiments of the market in arguing the need for increased liquidity in the private … Continue reading

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CHANGES TO “ACCREDITED INVESTOR” DEFINITION MAY CLIP THE WINGS OF MANY ANGEL INVESTORS

Few words or phrases have the ability to affect the U.S. economy like the term “accredited investor.” Whether you know it or not, these two little words control nearly $1 trillion of private investment in the United Stated today.  The … Continue reading

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