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United States: Two Recent SEC No Action Letters Establish Standards For Crowdsourcing Online Platforms Limited To "Accredited Investors" To Avoid Registration As A Broker-Dealer - Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

In two recent no action letters, the Securities and Exchange Commission granted no action relief for two venture capital online funding platforms, allowing them to avoid registering as broker-dealers under the Securities Exchange Act of 1934 even though their affiliates will receive some compensation in the form of a carried interest.        

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Found more than 1 month ago on channel Mondaq

United States: Department Of Justice And Securities And Exchange Commission Issue Highly Anticipated Foreign Corrupt Practice Act Guidance - Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

On November 14th, the U.S. Department of Justice (DOJ) and U.S. Securities and Exchange Commission (SEC) jointly published "A Resource Guide to the U.S. Foreign Corrupt Practices Act" (the "Guide"), their long-awaited and highly anticipated guidance on the Foreign Corrupt Practices Act (FCPA).

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Found more than 1 month ago on channel Mondaq

United States: DOJ And SEC Issue Highly Anticipated FCPA Guidance - Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

On November 14th, the U.S. Department of Justice ("DOJ") and the U.S. Securities and Exchange Commission ("SEC") published A Resource Guide to the U.S. Foreign Corrupt Practices Act, their long-awaited, highly anticipated guidance on the FCPA.

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Found more than 1 month ago on channel Mondaq

United States: SEC Proposes Rules To Allow General Solicitation In Private Offerings Under Rule 506 - Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

As required by Section 201(a) of the Jumpstart Our Business Startups (JOBS) Act, the Securities and Exchange Commission (SEC) has proposed rules under Section 4(a)(2) of the Securities Act of 1933, as amended (the Securities Act), to eliminate the prohibitions on general solicitation and general advertising for certain private placements of securities conducted in accordance with Rule 506 under the Securities Act’s Regulation D.

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United States: SEVP Implementation Of The Accreditation Act - Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.

The Student and Exchange Visitor Program has implemented changes that will affect all colleges and universities that offer English language training programs.

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Found more than 1 month ago on channel Mondaq