chrismanderson
SEC Chairman Mary Schapiro recently told Congress it was “not feasible” to meet the JOBS Act’s 90-day deadline for the implementation of changes to Securities Act Rule 506 to permit general solicitation in private placements to accredited investors.
Deal lawyer Chris Manderson examines the risks of venture firms creating “scout” programs. If not carefully documented with advice of counsel, such programs could be ripe for litigation.
Until SEC rule-making is complete the crowdfunding exemption under Section 4(6) is not available for offers and sales of securities. Nonetheless, equity crowdfunding offers are already easy to find on Twitter.
This is part four of attorney Chris Manderson's four-part series examining the potential impact of the JOBS Act on capital raising for small and middle-market companies.
This is part three of a four-part series examining how the Jumpstart Our Business Startups Act (JOBS Act) will affect the capital markets.
This is part two of a four-part series examining how the Jumpstart Our Business Startups Act (JOBS Act) will affect the capital markets.
This is part one of a four-part series on the expected impact of the Jumpstart Our Business Startups (JOBS Act) on the capital markets by Chris Manderson, founding partner of law firm Manderson, Schafer & McKinlay LLP.