Tag Archives: Rule 506

Crowdfunding Factoid #4: Restriction on Resale of Crowdfunded Security

If you buy stock in a crowdfunded offering you cannot sell it for 1 year unless you sell it to: the issuer of the securities, an accredited investor, as part of an offering registered with the SEC, a member of … Continue reading

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SEC Staff Continues To Issue “Bad Boy” Waivers

The secret to obtaining a “bad boy” waiver from the Securities and Exchange Commission is to show: the bad act did not involve an intent to defraud; the misconduct did not involve the sale of securities; the actor has taken … Continue reading

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Finders Relief Recommended

While Securities and Exchange Commission Chairman Mary Jo ¬†White noted that crowdfunding rules are coming soon, more interesting was the recommendations from the Advisory Committee on Small and Emerging Companies that the SEC “exempt intermediaries that are actively involved in … Continue reading

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Roadmap To Getting “Bad Actor” Disqualification Waived

A recent SEC no-action letter provides a road map as to how to get the staff to waive your “bad actor” disqualification from participating in private placements: claim that there was no “intent” to commit the act; say that the … Continue reading

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SEC Chairman Says Crowdfunding Rules This Year

After pressure from Congress this week, Securities and Exchange Commission Chairman Mary Jo White apparently said before the House Financial Services Committee that the crowdfunding rules are “very much alive at the SEC” and that “It’s a high priority to … Continue reading

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Bringing “Bad Boy” Waivers Into the Light

Rep. Maxine Waters (D-CA) is talking about introducing a bill that would crack down on SEC’s “bad boy” waivers that have been handed out to the money center banks recently. The proposed legislation is apparently going to make waiver requests, … Continue reading

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When You’re Independent You Make Your Own Timing

When you’re an independent agency, you’re INDEPENDENT. Mary Jo White, Chairman of the Securities and Exchange Commission, testified today before the House of Representatives Committee on Financial Services stating that although the SEC was to have crowdfunding regulations finished by … Continue reading

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