Recent Posts in Securities Regulation Category

Revised New Hampshire Securities Act Eliminates Renewal Fees and Final Sales Reports

Effective as of January 1, 2016, the New Hampshire Uniform Securities Act has been revised, based on the Uniform Securities Act of 2002, the most recent uniform securities act drafted by the National ...
Continue reading "Revised New Hampshire Securities Act Eliminates Renewal Fees and Final Sales Reports" »

Development of State Securities Online: NASAA's Electronic Filing Depository

The United States Securities and Exchange Commission (SEC) installed its electronic disclosure system, EDGAR, beginning with a pilot program in 1984, and culminating in a full phase-in by 1996. EDGAR ...
Continue reading "Development of State Securities Online: NASAA's Electronic Filing Depository" »

SEC's New Guidance on Accredited Investor Verification for General Solicitations

On July 3, 2014, the Securities and Exchange Commission (SEC) issued six new Compliance and Disclosure Interpretations (CDIs) regarding the determination and verification of accredited investor status ...
Continue reading "SEC's New Guidance on Accredited Investor Verification for General Solicitations" »

SEC to Revise "Accredited Investor" Definition

In connection with the duties imposed on it by the Dodd-Frank Wall Street Reform and Consumer Protection Act, the SEC is set to come out with further revisions to the definition of "accredited ...
Continue reading "SEC to Revise "Accredited Investor" Definition" »

SEC reminds investment advisers to review compliance policies annually

Norm Champ, Director, SEC Division of Investment Management, recently gave a speech where he reminded investment advisers to review compliance policies annually as required by SEC rules. He said ...
Continue reading "SEC reminds investment advisers to review compliance policies annually" »

SEC No Action Relief for MA Brokers

On January 31, 2014, the Securities and Exchange Commission’s Division of Trading and Markets granted no-action relief to “M&A Brokers” that engage in certain activities in ...
Continue reading "SEC No Action Relief for MA Brokers" »

Memorandum on Crowdfunding v. Rule 506(c) Offerings

Lev Berlin & Sousa issues a Memorandum from Lev Berlin & Sousa discussing and clarifying concepts of the widely discussed concept of "crowdfunding", in its current state, as compared ...
Continue reading "Memorandum on Crowdfunding v. Rule 506(c) Offerings" »