Articles from June 2012

SEC WILL MISS DEADLINE FOR LIFTING GENERAL SOLICITATION BAN

Date: June 29th, 2012

In a hearing before the House Oversight TARP and Financial Services Subcommittee, SEC Chairman Mary Schapiro confirmed it will miss the deadline for publishing rules to lift the ban on general solicitation and advertising for certain private placement offerings. Schapiro stated: “It’s a bit more … Read More »

NEW PRIVATE PLACEMENT RULES EXPECTED ON JULY 5, 2012

Date: June 27th, 2012

A few months ago my colleague Aaron Thomson published a piece about the new JOBS Act aimed at making it easier for private companies to raise capital. As Aaron explained, two key aspects of the new law are the crowdfunding exemption and the elimination of … Read More »

9TH CIRCUIT PROVIDES INVESTORS WITH “SHELTER” FROM SECONDARY LIABILITY

Date: June 26th, 2012

Copyright infringement: It’s become so commonplace you probably don’t even notice it anymore. At any given time, a good portion of your Facebook news feed may consist of infringing content; shared pictures, videos, music and books. In fact, there is a good chance you’re reading … Read More »