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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 »

SEC Grants Second Rule 506 Bad Actor Waiver

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Broker-Dealer, Investment Advisers, Private Equity, Public Companies and Securities On December 26, 2013, the SEC granted its second waiver from disqualification from reliance on Regulation D because of prohibited conduct under new Rule 506(d).   The waiver was granted to a Broker-Dealer alleged to have paid about $430,000 in soft dollars to one of its Clients for improper purposes that were outside of the Exchange […] Read more →

by   |   January 11, 2014

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New Rule 506 FAQs: 20% Beneficial Owners, 506(e) Disclosure

Broker-Dealer, Private Equity, Public Companies and Securities As we’ve described previously, new Rule 506(d) imposes a number of bad actor disqualifications on certain persons that are associated with the issuer, including officers,... Read more →

by   |   January 4, 2014

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Summary of Proposed Amendments to Regulation A

Broker-Dealer, Private Equity, Public Companies and Securities On December 18, 2013, the SEC published its proposal to modify Regulation A.   The SEC is proposing to expand Regulation A into two tiers:  Tier 1, for offerings of up to $5... Read more →

by , and   |   December 30, 2013

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Rule 506 FAQs: Some Answers, Some New Questions

Broker-Dealer, Consumer Protection, Investment Advisers, Private Equity, Public Companies and Securities On December 4, 2013, the SEC released a new batch of FAQs regarding new Rules 506(d) and 506(e). Before diving in to the clarifications provided and the new uncertainties raised... Read more →

by   |   December 4, 2013