Tag Archives: Rule 506

To Disclose or Not To Disclose, That Is The Question

Posted on September 13, 2016 by

In connection with a private offering of securities the issuer will provide potential investors with some form of disclosure document. Regardless of what type of offering it is (e.g. Rule 506, Title III, Intrastate, or other private offering), the intent … Continue reading →

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Out of Alignment: The Dysfunctional Definition of an Accredited Investor & The Often Overlooked “Entity” Issue

Posted on April 14, 2016 by

As many of you know there is a heated ongoing debate as to whether the current definition of “accredited investor” should be revised and, if so, how it should be revised. The overwhelming majority of recent articles, and even proposed … Continue reading →

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How Does Illinois’ Crowdfunding Law Stack Up To The Federal Options - A Comparative Summary

Posted on March 29, 2016 by

One of the questions I get asked most often is “how does the new Illinois crowdfunding exemption compare to the available Federal level crowdfunding options?” I love getting this question as it gives me a chance to really show why … Continue reading →

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

Posted on September 16, 2015 by

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

Posted on August 17, 2015 by

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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