Section Newsletter Articles on Securities & Exchange Commission
Saint or sinner? The efficacy of the proposed “1,000 Shareholder” amendment to Section 12(g)
Racial and Ethnic Minorities and the Law
, December 2011
Some lawmakers and regulators see the current “500 shareholder rule” of section 12(g) as a hindrance to capital formation, which has always been a stated goal of the SEC and other financial regulators. Representatives David Schweikert (R-AZ) and Jim Himes (D-CT) have introduced a bill that will amend Section 12(g).
Proposed “Bad Actor” exclusion to Rule 506 offerings
Business and Securities Law
, July 2011
On May 27, 2011, the Securities and Exchange Commission released a proposed rule which would disqualify an entity from using the Rule 506 private offering safe-harbor if the entity or a “covered person” associated with the entity is or was involved in specified violations of securities laws, securities administrators or other regulatory entities.