|SEC Adopts Rules Permitting General Solicitation in Private Offerings Limited to Purchases by Accredited Investors|
Daniel I. DeWolf, Jeremy D. Glaser, Melanie D. Ruthrauff; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
July 24, 2013, previously published on July 22, 2013On July 10, 2013, the Securities and Exchange Commission (the “SEC”) adopted rules that repealed a long-standing ban on the use of general solicitation for private securities offerings. These changes will be effective in approximately 60 days and will allow companies to publicly offer...
|Two Recent SEC No Action Letters Establish Standards for Crowdsourcing Online Platforms Limited to "Accredited Investors" to Avoid Registration as a Broker-Dealer|
Daniel I. DeWolf, Steve Ganis, Jeremy D. Glaser, Melanie D. Ruthrauff; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
April 12, 2013, previously published on April 9, 2013In two recent no action letters, the Securities and Exchange Commission (the “SEC”) granted no action relief for two venture capital online funding platforms, the FundersClub, Inc. (“FundersClub”) and AngelList, LLC (“AngelList”), allowing them to avoid...
|What You Need to Get Done Now If You Want to Sell Your Company in 2012|
Jeremy D. Glaser, Sebastian E. Lucier, Jake Romero, Melanie D. Ruthrauff, Raj Tanden; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
February 24, 2012, previously published on February 22, 2012One of today’s most discussed political topics is the expected expiration of the Bush tax cuts after December 31, 2012. If Congress doesn’t act, among other things, the individual U.S. federal income tax rate on long-term capital gains will increase on January 1, 2013 for those earning...