Category Archives: Federal Law & Regulation

Why Is September 23rd An Exciting Day?

On September 23rd something very important happens. For the first time since we’ve been alive (at least, most of us), private companies will be able to generally solicit and generally advertise their all accredited investor Rule 506 securities offerings. Yes, … Continue reading

Posted in Federal Law & Regulation, Financings, Startup Law | Tagged , , , , , , , , | 1 Comment

The SEC’s Proposed Reg D Rules: Why We Care

The SEC has proposed new rules to govern angel and venture financings. If you are not familiar with the securities law, Rule 506 of Regulation D is the most commonly relied upon securities law exemption for early stage companies raising … Continue reading

Posted in Federal Law & Regulation | Tagged , , , , , | 1 Comment

What Is The Single Worst Change In the Proposed SEC Rules?

  What is the worst thing about the SEC’s proposed rules? Is it the requirement that lengthy legends be prominently displayed on all written general solicitation material? Nah. We can live with this requirement. Is it the requirement to file … Continue reading

Posted in Federal Law & Regulation, Public Policy | Tagged , , , , , , , , , | 9 Comments

What Do the SEC’s Proposed Reg D Rules Actually Require?

You might be wondering – what exactly do the SEC’s proposed changes to Reg. D and Form D actually require? I have put together the below distillation in an attempt to summarize the changes in one page. The proposed rules … Continue reading

Posted in Federal Law & Regulation | Tagged , , , , , , , , , | 4 Comments

Discounted Stock Options and Tax Code Section 409A: A Cautionary Tale

Guest Post By Scott Usher of Bader Martin, P.S. In the startup ecosphere, stock options are commonplace. They’re one way young companies can compensate for sweat equity and lower-than-market salaries or consulting fees, and generally provide recipients with a performance … Continue reading

Posted in Federal Law & Regulation | Tagged , , , , , , , | 3 Comments