Articles on Consumer Protection Act

Proposed “Bad Actor” exclusion to Rule 506 offerings By Barry L. Fischer 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.

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