Posts from David Jenson

Reconsidering PPP Eligibility – Should Public Companies and Financially Strong Borrowers Repay PPP Loans?


Judith Araujo, Jack Bowling, Susan Warshaw Ebner, Steve Quinlivan, Patrick Respeliers and Gerald Weidner also contributed to this post. A number of public companies applied for and received potentially forgivable loans under the Paycheck Protection Program (PPP). To be eligible for a PPP loan a borrower does not need to... Read More

Topics: COVID-19, Public Companies and Securities

Minnesota Revises Business Organization Statutes

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Minnesota Governor Mark Dayton has signed into law revisions to several Minnesota business organization statutes including the Minnesota Business Corporation Act, the Minnesota Revised Uniform Limited Liability Company Act, the Uniform Limited Partnership Act 2001, the Uniform Partnership Act (1994) and the Minnesota Nonprofit Corporation Act. Minnesota Business Corporation Act... Read More

Topics: Public Companies and Securities

Legislation Creating Small Business Advocacy within the SEC Heading to the President’s Desk


On December 10, the SEC Small Business Advocate Act was approved by the Senate, clearing the way for signature by the President. The measure, which creates an advocacy office for the interests of small businesses within the SEC, came out of the House, where it was first proposed back in... Read More

Topics: Broker-Dealer, Consumer Protection, Public Companies and Securities

House Passes Creating Financial Prosperity for Businesses and Investors Act


On Monday, the House of Representatives passed the Creating Financial Prosperity for Businesses and Investors Act (H.R. 6427) (the “Act”) by a vote of 398 to 2. The Act is actually a compilation of six measures that were previously considered and passed by the House in 2016, but that have... Read More

Topics: Broker-Dealer, Consumer Protection, Crowdfunding, Investment Advisers, Private Equity

Final MNvest Rules Adopted


On June 13, the final administrative rules implementing the MNvest intra-state crowdfunding exemption were adopted. The MNvest Rules were first proposed back in November of 2015.  Today’s publication in the Minnesota State Register notes that the MNvest Rules were adopted as proposed, other than a few revisions that are shown... Read More

Topics: Crowdfunding