Category Archives: Financings

Is There a “Friends and Family” Securities Law Offering Exemption?

Early stage companies frequently want to raise money from friends and family. There is a common misconception that somehow the U.S. securities laws do not apply to these transactions, and that there is a “friends and family” exemption from the … Continue reading

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Am I Still An Accredited Investor?

You may or may not be aware, but the Dodd-Frank financial reform bill effected an immediate change in the definition of accredited investor.┬áNow, if you are relying on the $1M net worth standard (as described by the SEC, “Net worth … Continue reading

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Individual Accredited Investor Certification, In Light of Dodd-Frank

If you are looking for a short, individual accredited investor certification that takes into account the Dodd-Frank changes and SEC guidance issued as a result of Dodd-Frank, please see my example below. The Dodd-Frank bill does not change the requirement … Continue reading

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SEC Issues Guidance On New Accredited Investor Definition

Thanks to Broc Romanek for flagging this news this morning. The SEC has issued a Compliance and Disclosure Interpretation (“CDI”) relating to the new definition of accredited investor under the Dodd-Frank Act. I have quoted it in full below. You … Continue reading

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Questions That Have Arisen With New Accredited Investor Definition

Now that the new definition of accredited investor is in effect, questions are coming up on how to implement the new definition (aside from just using the new definition going forward). Two questions that we have become aware of are … Continue reading

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