Rule 506(b) is the most commonly used securities exemption for private companies. This post compiles some best practices for conducting a 506(b) offering in a bullet-pointed list for easy reference.
Companies raising capital using Rule 506(c) have several options as to how to verify whether their investors’ are indeed “accredited investors.” This post describes some of the options companies have.
The best way for advisers to minimize the costs of trade errors is to accept that such errors occur and create a sound plan of action for when they do.
Even if a private fund adviser is exempt from registration as an investment adviser, it may be subject to other federal and securities laws. This post summarizes the relevant legal issues.
The venture capital adviser exemption exempts an investment adviser that solely advises venture capital funds from registration with the SEC. This article describes the conditions needed to qualify for the exemption.
For issuers using Rule 506, New York requires Rule 506 issuers to file a state-specific form called “Form 99” with the Investor Protection Bureau before selling its securities to New York investors.