Articles Posted in Copies of Proposed or Actual Rules


The Securities and Exchange Commission recently voted unanimously to propose rules under the JOBS Act to permit companies to offer and sell securities through crowdfunding.

Crowdfunding describes an evolving method of raising capital that has been used outside of the securities arena to raise funds through the Internet for a variety of projects ranging from innovative product ideas to artistic endeavors like movies or music. Title III of the JOBS Act created an exemption under the securities laws so that this type of funding method can be easily used to offer and sell securities as well. The JOBS Act also established the foundation for a regulatory structure for this funding method.

SEC Approves Registration Rules for Municipal Advisors

The Securities and Exchange Commission recently voted to adopt rules establishing a permanent registration regime for municipal advisors as required by the Dodd-Frank Act.  The rule is currently slated to become effective 60 days after publication in the Federal Register.

The Final Rule:

Rule 506 of Regulation D Recent Amendments Regarding General Solicitation and General Advertising – South Florida Private Placement Fraud and Misrepresentation Litigation and FINRA Arbitration Attorney:

The Securities and Exchange Commission (the “SEC”), on July 10, 2913 by a vote of 4-1, adopted amendments to Rule 506 of Regulation D under the Securities Act of 1933 (the “Securities Act”).1 These amendments, which were required by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), eliminate, subject to certain conditions, the prohibition on general solicitation and general advertising in Rule 506, one of the most commonly relied upon safe harbors from Securities Act registration by private fund issuers. These amendments will become effective 60 days after publication of the Adopting Release in the Federal Register. 

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Adoption of Final Rule for Broker-Dealers Engaging in a Retail Forex Business

The Securities and Exchange Commission (Commission) recently announced the adoption of a final rule (Rule 15b12-1) to permit a registered broker-dealer to engage in a retail forex business, provided that the broker-dealer complies with the Securities Exchange Act of 1934, the rules and regulations thereunder, and the rules of the self-regulatory organization(s) of which the broker-dealer is a member insofar as they are applicable to retail forex transactions. The Commission is adopting Rule 15b12-1 substantially in the form previously adopted as an interim final temporary rule and is providing that the rule will expire on July 31, 2016. 

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SEC Proposes Rules to Implement JOBS Act Provision About General Solicitation and Advertising in Securities Offerings

August, 2012:

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