FINRA Releases FAQs on Private Placement Notice Filing Rule
Broker-Dealer, Private Equity On December 3, 2012, FINRA released a set of FAQs relating to new Rule 5123 (our prior coverage here), which went into effect on December 3 and requires FINRA members to file with FINRA copies of the private placement memorandum, term sheet, or other offering documents used to sell a private placement within 15 days [...] Read more →
SEC Releases New CD&Is on Iran Disclosures
Public Companies and Securities The Iran Threat Reduction and Syria Human Rights Act (ITRA), signed into law on August 10, 2012, added new Section 13(r) to the Exchange Act, requiring issuers that file reports... Read more →
Resource Extraction Issuers: Small Entity Compliance Guide
Energy, Public Companies and Securities The SEC has released a Small Entity Compliance Guide relating to the recently adopted rules relating to new disclosures required of “resource extraction issuers.” Compliance... Read more →
More Comments on the General Solicitation and Advertising Rule
Broker-Dealer, Investment Advisers, Private Equity On August 29, 2012, the SEC issued a proposal for new Rule 506(c) under the Securities Act, which would implement the mandate of the JOBS Act to allow for the use of general... Read more →