Can I post my 506(b) Offering on Facebook?
General Solicitation Our firm is often asked whether a social media post constitutes “general solicitation” as prohibited by Rule 506(b) of Regulation D. General solicitation is defined by the SEC to include “advertisements published in newspapers and magazines, public websites, communications broadcasted over television and radio, and seminars where attendees have been invited by general…
When Does the “Sale” of a Security Occur?
Reg D requires issuers to file a Form D When you’re conducting an offering under Regulation D, the date you sell the securities is critically important. Reg D requires issuers to file a Form D within 15 days of the date the security was first sold. Failure to do so could result in the issuer losing its…
Seat Belts, Securities Laws and Crap Tables
Since 1968, Federal and state governments have moved toward mandating that every car be equipped with seat belts and that every passenger wear a seat belt, or be subject to a traffic ticket and likely a fine. Opposition to these laws suggested that the cost of the seat belt installation was burdensome and that the…
Regulation D in 2016
Update on Regulation D: Data from 2016 Form D’s It’s been over a year since the SEC’s Division of Economic and Risk Analysis (DERA) published its report on Private Securities Offerings post-JOBS Act. And while since that time, DERA has published more data about Regulation CF and Regulation A, the SEC has yet to offer…