Tag Archives: Rule 506(d)

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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Are Some Bad Actors More Equal Than Others?

Are some bad actors more worthy than others? Criminal and civil sanctions can bar banks from certain activities, including participating in the private capital markets. Securities and Exchange Commissioner Kara Stein thought so last year when the SEC gave a waiver … Continue reading

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Full SEC Waives Reg. D Prohibition

“Bad Actors” are not permitted to utilize the private placement rules under Reg. D. If you happened to settle a potential civil action with the SEC in a plea agreement in which you paid a $196 million fine plus disgorgement, … Continue reading

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Bad Brokers Could Spoil Your Exemption

The Wall Street Journal turns up more than 1,600 stockbrokers whose records failed to disclose bankruptcy filings, criminal charges or other red flags in violation of regulations, without regulators noticing. Note that under recent SEC regs, a “bad actor” includes … Continue reading

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Crowd Capital Services Vets Investors

From the press release: Crowd Capital Services Helps Companies Qualify Their Investors Assists Companies and Investors in Complying With New SEC Regulations WASHINGTON, Jan. 23, 2014 /PRNewswire-iReach/ — Investor Review, Inc. announced today the launching of its website www.crowdcapitalservices.com that helps capital raising companies … Continue reading

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SEC Offers Bad Actor Clarity

In an attempt to clarify new Rule 506(d) that would disqualify an issuer’s exemption under Rule 506 if “covered persons” have engaged in “disqualifying acts,” the SEC issued a new set of interpretations, that include: determining a bad actor at … Continue reading

Posted in Broker dealers, Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Film, FINRA, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment