Administrative Law, Business Organization, Communications & Media Law

We’re Still Waiting: When Will the SEC Lift the Ban on General Solicitation and Advertisements for Rule 506 and 144A Offerings?

by Benji Jones, A. Heath Tripp | Smith, Anderson, Blount, Dorsett, Mitchell &... on 1/1/2013

Title II of the “Jumpstart Our Business Startups” Act (“JOBS Act”), which became law on April 5, 2012, aims to provide more flexibility for private company fundraising by eliminating the prohibition on general solicitation or...more

SEC Probe of Netflix Highlights Legal Risks of Social Media

by David W. Braswell, Jeffrey Schultz, Joseph S. von Kaenel | Armstrong Teasdale LLP on 12/21/2012

The U.S. regulatory probe of a Facebook posting by Netflix CEO Reed Hastings is raising questions about whether the 43-word message violates a rule requiring that material information be released to all investors at the same...more

Facebook Fairness Hearing Back In The News

by Keith Paul Bishop | Allen Matkins Leck Gamble Mallory & Natsis... on 12/18/2012

Last August, the Department of Corporations approved the acquisition of Instagram, Inc. by Facebook, Inc. following a fairness hearing. See DOC Calls It Fair. According to this Los Angeles Times story by Salvador Rodriguez,...more

Baker & McKenzie: Telecommunications Regulatory Update – November 2012

by Patrick Fair, David E. Halliday, Anne Petterd, Penny Ward | Baker & McKenzie Australia on 12/17/2012

In This Issue: ACMA commences proceedings for failure to give access to the emergency call service; ACCC consultation on NBN Co Special Access Undertaking; ACCC consultation on new Telstra measures developed under the...more

The Top 10 Things That Every Business Owner Should Do At Year-End

by Scott Legal Services, P.C. on 12/14/2012

As a business owner, all year you have likely been running around acting as manager, developer, business generator, marketer, human resource manager and administrative assistant. Given the numerous roles, it is often tough...more

Ontario Minister Joins Crowd in Push for Crowdfunding Exemption

by Dentons on 12/12/2012

At the recent Technicity conference in Toronto, Brad Duguid, Ontario’s Minister of Economic Development and Innovation, expressed support for introducing equity crowdfunding in Ontario. Recognizing the need to keep...more

Notes For General Counsel

by Peter Bauman - Senior Associate at Tharpe &... on 12/4/2012

A recent article on the Practical Law website, identified major horizon issues for General Counsel. We highlight a selected sample of these issues by subject area below: Commercial: Green Guides The FTC issues revised...more

Crowdfunding under the JOBS Act

by Brian Korn | Pepper Hamilton LLP on 11/30/2012

In This Presentation: - Crowdfunding background - Important SEC Reminder - Issuers Not Eligible to Crowdfund - Crowdfunding vs. Other Exemptions - Crowdfunding Requirements - Funding Portals - Funding...more

SEC JOBS Act Amendments to NASD Rule 2711 and Incorporated NYSE Rule 472

by Orrick - Structured Finance Group on 11/8/2012

On November 1, the SEC approved amendments to NASD Rule 2711 and Incorporated NYSE Rule 472 to conform to the requirements of the JOBS Act and make certain additional changes to quiet period restrictions consistent with the...more

City of Los Angeles Waste Hauling Takes Big Step to Exclusive Franchise System

by Robert Freedman - Partner at Tharpe & Howell,... on 11/2/2012

The City of Los Angeles took another step towards granting exclusive franchises for commercial trash hauling within the City, franchises that would also cover large apartment complexes. Under a plan approved by two City...more

The JOBS Act — An Overview and Some Recent Developments

by Poyner Spruill LLP on 10/31/2012

Background - Earlier this year, President Obama signed the Jumpstart Our Business Startups Act (commonly known as the JOBS Act) into law. As the somewhat repetitive name implies, the JOBS Act’s ultimate goal is to spur job...more

Privacy Enforcement By California Attorney General’s Office

by Peter Bauman - Senior Associate at Tharpe &... on 10/26/2012

California takes citizen privacy rights seriously. That’s the unmistakable message communicated by a recent announcement that the Office of the Attorney General of California is creating a Privacy Enforcement and...more

More Comments on the General Solicitation and Advertising Rule

by Leonard, Street and Deinard - Dodd-Frank and... on 10/26/2012

On August 29, 2012, the SEC issued a proposal for new Rule 506(c) under the Securities Act, which would implement the mandate of the JOBS Act to allow for the use of general solicitation and advertising in private offerings...more

JOBS Act Update - SEC Proposed Rules for "Private Offerings" with Advertising Draw Fire

by Trenam Kemker on 10/23/2012

Regulation D offerings are a very important part of capital formation. In recent years, annual proceeds from Regulation D private offerings have totaled almost $1 trillion, approximately equal to the proceeds from all SEC...more

Advertising and General Solicitation: Comments on Proposed Rule 506(c)

by Leonard, Street and Deinard - Dodd-Frank and... on 10/22/2012

This is our second post examining some of the comment letters the SEC has received in response to proposed Rule 506(c) – we reviewed the SEC’s Investment Advisory Committee recommendations here. This post provides an...more

Investor Advisory Committee Comments on General Solicitation Rule

by Leonard, Street and Deinard - Dodd-Frank and... on 10/19/2012

On October 15, the Investor Advisory Committee (IAC) established by Section 911 of the Dodd-Frank Act released its recommendations to the SEC on the proposed general solicitation rule. This is the first of several posts over...more

Corporate Sustainability and Social Entrepreneurship Part Two

by Robert Freedman - Partner at Tharpe & Howell,... on 10/17/2012

As a purely legal matter, corporate sustainability and social entrepreneurship require that we begin by asking the following question: Does the law of corporate governance permit social good as a primary focus and aim of...more

Corporate Social Media Policies Should Comply With Recent NLRB Decision

by Peter Bauman - Senior Associate at Tharpe &... on 10/17/2012

The National Labor Relations Board (NLRB) recently issued a decision with significant impact upon employer policies that apply to employee use of social media. [Costco Wholesale Corporation, 358 NLRB No. 106 (Sept. 7,...more

Revealed! The Investor Advisory Committee’s Recommendations On Lifting The General Solicitation Ban In Rule 506 Offerings

by Allen Matkins Leck Gamble Mallory & Natsis... on 10/17/2012

I was not the only one who was perturbed by the Investor Advisory Committee’s procedures for considering the Securities and Exchange Commission’s proposed rulemaking to lift the ban on general solicitation and Advertising in...more

SEC Comments on JOBS Act Registration Statements

by Leonard, Street and Deinard - Dodd-Frank and... on 10/8/2012

The SEC has consistently issued several comments in connection with registration statements filed by “emerging growth companies” under the JOBS Act. It’s clear at least for now that the SEC will ask to see any...more

SEC Proposes New Rules under the JOBS Act

by Reed Smith on 10/4/2012

On August 29, 2012, the Securities and Exchange Commission (“SEC” or the “Commission”) proposed rules to implement section 201 of the Jumpstart Our Business Startups Act (the “JOBS Act”).1 The JOBS Act directed the SEC to...more

SEC Proposes Rules to Eliminate The Prohibition Against General Solicitation and General Advertising in Rule 506 and Rule 144A...

by Womble Carlyle Sandridge & Rice, PLLC on 10/3/2012

If you or your company -- whether public or private -- anticipate relying on private markets for capital raising, you will want to keep abreast of recently proposed rulemaking by the Securities and Exchange Commission that is...more

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Administrative Law › Business Organization › Communications & Media Law