Tag Rule 506

Private Equity and Hedge Funds

Is New York’s Form 99 Required When a Rule 506 Offering Has New York Investors?

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.

Alexander J. Davie
February 28, 2018

Startups and Venture Capital

New Options for Raising Capital for Startups and Growth Companies

In recent years, Congress, the SEC, and state regulators have enacted a number of alternative exemptions designed to make capital formation easier for growing businesses. In this post, I’ll provide an overview of these newer options.

Alexander J. Davie
July 20, 2017

Startups and Venture Capital

Why You Can’t Really Include Non-accredited Investors in Rule 506 Offerings

One common misconception I encounter among startups is the idea that companies raising capital can include non-accredited investors in Rule 506[1] offerings. While it is technically true that a Rule 506 offering may include up to 35 non-accredited investors, what is…

Alexander J. Davie
August 31, 2015

Startups and Venture Capital

Is it time for the JOBS Act, Part Two?

When the JOBS Act was passed, a lot of people hoped that it would de-regulate startup finance, resulting in a boom of new startups being funded. By repealing the ban on general solicitation, allowing online angel investment platforms, creating the…

Alexander J. Davie
June 30, 2014

Startups and Venture Capital

AngelList Posts Thoughtful Comments to Proposed SEC Form D Regulations

On August 12, 2013, the crowdfunding platform AngelList submitted some really great and thoughtful comments to the SEC with respect to the SEC’s proposed Reg. D amendments related to new Form D filing requirements and enhanced penalties for failure to…

Alexander J. Davie
August 28, 2013