Category Archives: Federal Law & Regulation

Venture Capital Fund

Flowchart for Exemption Under the Investment Advisers Act of 1940 By Joe Wallin and Asher Bearman This article is appearing simultaneously on The Venture Alley and on Startup Law Blog.  The below flowchart may be helpful to you in answering the question whether … Continue reading

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SEC Fires Another Salvo in the “Finder” Debate

The SEC recently issued orders against two individuals and a company and, in doing so, continued the debate over what conduct requires someone acting as a “finder” to be registered as a broker or dealer or associated with a registered … Continue reading

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What Would Derek Zoolander Say About Crowdfunding?

By Christina Chan & Joe Wallin I don’t want to bring you back to your high school days (aren’t we all glad those days are over?), but remember when you sat down for a test and your teacher said “Remember … Continue reading

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How Long Does the New Qualified Small Business Stock Benefit Last?

I was asked by someone the other day, “Are you sure that the 100% tax exclusion for investments in qualified small business stock that Congress passed as part of the fiscal cliff bill lasts until the end of 2013? My … Continue reading

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Can’t I Let Non-Accredited Investors In My Round?

I was recently pressed by someone, “Can’t I let non-accredited investors in my Rule 506(b) round? The rule says that I can have up to 35 non-accredited investors.” While it is true that Rule 506(b) says you can have up … Continue reading

Posted in Federal Law & Regulation, Financings | 11 Comments