Richard A. Maloy, Jr, CIC, CRM; CEO of Maloy Risk Services, Inc. has written a white paper discussing the potential liability that managers and directors face today. Some of the key points of the paper include the risk of high cost litigation, Obama’s continued pressure on the financial industry, and regulatory investigations. In this current
... Read more »Posts Categorized: Compliance
SEC Staff Issues Interpretive Guidance on Recently Adopted Amendments to Rule 506 Addressing General Solicitation and Bad Actors Feb3
A legal update from Dechert’s Financial Services Group. Effective September 2013, the U.S. Securities and Exchange Commission (SEC) amended Rule 506 of Regulation D to (1) permit, in certain circumstances, an issuer to engage in general solicitation and general advertising in connection with Rule 506 offerings (General Solicitation Rules) and (2) disqualify issuers of securities
... Read more »Change is Here! Sep24
Change is here! The long-awaited JOBS Act Rules become effective September 23, 2013, dramatically expanding the marketing flexibility for managers of private funds. This newfound free speech provides important messaging and branding opportunities. Traditional one-on-one capital raising (a/k/a “hand-to-hand-combat”) meets modern marketing activities and communication platforms. How can you integrate public relations to leverage your
... Read more »80-year ban on private placement advertising has been lifted! Sep23
Today marks the first official day that federal legislation goes into effect allowing hedge funds to advertise their product publicly. This means hedge funds, as well as small startups, can begin to advertise their product publically through vehicles such as social media sites, without having to register their shares for public trading. While restrictions
... Read more »Dodd-Frank and New SEC Rulemaking Initiatives Dec27
We welcome guest contributor Seymour Bucholz, a seasoned transactional attorney focused on corporate and regulatory matters for broker-dealer clients at Garvey Schubert Barer. Mr. Bucholz is presenting a white paper discussing the impact of the forthcoming Dodd-Frank Act. Title IV of the Dodd-Frank Wall Street Reform and Consumer Protection Act will impact virtually every professional
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