SEC Updates Definition of Accredited Investor
On August 26, 2020, the Securities and Exchange Commission adopted amendments to the definition of “accredited investor.” The amendments, among other things, added to the list of individuals who qualify as accredited investors.
The Different Meanings of the Word “Registration” for Private Funds
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.
Can Initial Coin Offerings Be Regulated As Securities? The SEC Says Yes.
Recently, the SEC publicized an in-depth investigative report which determined that initial coin offerings are subject to securities regulation. This post provides an update on this rapidly-developing area.
Thoughts on the Final Crowdfunding Regulations
In October, the SEC finally completed its implementing regulations to Title III of the JOBS Act, more commonly known as the “crowdfunding” exemption. The 600-page release can be found here. I’m not going to bother summarizing these regulations, as so…
Summary of the Proposed Amendments to Form ADV and Investment Advisers Act Rules
On May 20, 2015, the SEC issued proposed amendments to Form ADV and the Investment Advisers Act rules. In the release, the SEC proposed amendments to Form ADV that would require advisers to disclose additional information, such as information about…