Stinson Leonard Street Dodd Frank

MAKING SENSE OF DODD-FRANK

The Dodd-Frank Act has broad and deep implications that will touch every corner of financial services and multiple other industries. This site, developed and maintained by attorneys at Stinson Leonard Street, is dedicated to making sense of this complex legislation and helping businesses understand how it will affect them specifically. Our Bloggers »

Verifying Accredited Investors in Public Rule 506 Offerings: SIFMA Guidance

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Broker-Dealer, Investment Advisers, Private Equity, Public Companies and Securities On June 23, 2014, the Securities Industry and Financial Markets Association (SIFMA) published a memo outlining several specific methods for verifying accredited investor status that SIFMA believes would satisfy the requirement, in a Rule 506(c) offering involving general solicitation, that the issuer take “reasonable steps” to verify the accredited investor status of each purchaser in […] Read more →

by   |   June 28, 2014

SEC logo

Unregistered Finder Settles with the SEC, Agrees to Pay Millions

Broker-Dealer, Consumer Protection, Energy, Private Equity, Public Companies and Securities The SEC recently settled an enforcement action against an individual alleged to have sold millions of dollars in securities on behalf of oil and gas companies without being... Read more →

by   |   May 16, 2014

Minnesota

Implementing the Minnesota Revised Uniform Limited Liability Company Act

Uncategorized The Minnesota Revised Uniform Limited Liability Company Act (the “Revised Act”) has been adopted in Minnesota and will replace Minnesota’s current limited liability company... Read more →

by , , and   |   April 23, 2014

crowdfunding

New C&DIs Contemplate Intrastate Crowdfunded Offerings

Broker-Dealer, Consumer Protection, Private Equity This week the SEC released three new Compliance and Disclosure Interpretations (C&DIs) relating to Rule 147, which applies to securities exempt from registration pursuant to... Read more →

by   |   April 10, 2014