On May 24, 2018, President Trump signed the Economic Growth, Regulatory Relief and Consumer Protection Act (the Act) into law. The Act was introduced by Senator Mike Crapo, a Republican Senator from Idaho, in the United States Senate Committee on Banking, Housing and Urban Affairs…
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…
Equity crowdfunding is awesome! There, I have said it. Most lawyers seem to be against equity crowdfunding under new Regulation Crowdfunding and Title III of the JOBS Act, especially those at big firms. They talk about how investors will get ripped off by shysters and…
In this article, I take a closer look at capital raising before Regulation A Offering and some key items to consider. This is a necessary follow-up to my December 2015 article entitled “How to Fund the Expenses of Regulation A Offering,” which describes how issuers that desire…
Raising capital in a mini-IPO under Regulation A can take between 4 and 6 months, which can be costly and leave many wondering how to fund the expenses of Regulation A offering. It might take longer depending on the extent and nature of SEC comments…
