On December 19, 2018, the U.S. Securities and Exchange Commission (the “Commission”) adopted final rules (the “Final Rules”) to allow Exchange Act reporting companies (“Reporting Companies”) to rely on Regulation A for their securities offerings. Prior to the adoption of the Final Rules, Reporting Companies…
The OTC Markets Group implemented new standards for companies planning to list on the OTCQB® Venture Market (OTCQB®) effective May 20, 2018 in order to improve the information and trading experience for investors. The OTCQB® is for early-stage and developing companies while the OTCQX® Best…
On January 8, 2018, the OTC Markets Group issued a response letter to FINRA’s request for comments in which OTC Markets Group states that the “cumbersome operational processes around Rule 6432, and the related Rule 15c2-11 under the Securities Exchange Act of 1934 (SEA) unnecessarily…
The Regulation A+ Improvement Act of 2017 (the Act) was introduced on November 7, 2017 by Republican Thomas MacArthur and recently passed 246-170 votes with the overwhelming support of Republicans. Ready For Some Background? In mid-2015, the U.S. Securities and Exchange Commission (Commission) amended Regulation A…
Following is an Article Top 10 Things You Should Know About Regulation A that I collaborated on with Steve Dresner, the CEO of Dealflow.com. It is being reprinted here with the permission of Dealflow.com. Sign up for Steve’s Series D blog here. Top Ten Things…
Introduction I have been fortunate to have had the opportunity to be involved with several private placements under Rule 506(c) since the rule became effective on September 23, 2013. Rule 506(c) permits the use of general solicitation and general advertising when selling securities in a…
