Communications & Media Law, Administrative Law, Securities Law

FINRA Provides Guidance on Rules Governing Communications with the Public

by Tanja Samardzija, James Van De Graaff | Katten Muchin Rosenman LLP on 1/14/2013

The Securities and Exchange Commission approved a rule change by the Financial Industry Regulatory Authority pursuant to which National Association of Securities Dealers (NASD) Rules 2210 and 2211 and NASD Interpretive...more

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

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

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

MoFo New York Tax Insights - Volume 3, Issue 12 - December 2012

by Open Weaver Banks, Kara M. Kraman, Amy F. Nogid, Irwin M. Slomka | Morrison & Foerster LLP on 12/5/2012

In This Issue: Court Holds Television Programming Is Included in the Property Factor Regardless of Delivery Method; ALJ Upholds Retroactive Application of Stock Option Regulations; Petition Found Untimely Under Special...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

Baker & McKenzie: Telecommunications Regulatory Update – October 2012

by Baker & McKenzie Australia on 11/12/2012

In this issue: > Telstra issued with direction to comply with TCP Code > Trader pays $19,800 for misrepresenting broadband services > ACCC makes final access determination for non-NBN local bitstream...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

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

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

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

Can The SEC Eliminate The Prohibition On General Solicitation Retroactively?

by Allen Matkins Leck Gamble Mallory & Natsis... on 10/3/2012

In Section 201(a)(1) of the Jumpstart Our Business Startups (JOBS) Act, Congress ordered the Securities and Exchange Commission to amend Regulation D to permit general solicitation or general advertising in offerings made...more

Friendly Funding

by Caryn S. Tijsseling | Lewis and Roca LLP on 10/2/2012

Smart Reno business owners and entrepreneurs, like their counterparts across the country, are always on the lookout for new sources of capital. Recently, Congress passed a new law - the Jumpstart Our Business Startups Act...more

SEC Proposes Rules Permitting General Solicitation in Certain Unregistered Offerings

by Bonnie J Roe | Cohen & Gresser LLP on 9/30/2012

On August 29, 2012, the Securities and Exchange Commission, or SEC, issued proposed rules which would allow advertising and publicity in certain unregistered offerings. As mandated by the Jumpstart Our Business Startups Act,...more

SEC Issues Proposed Rules to Permit General Solicitation and General Advertising in Certain Private Offerings

by K&L Gates LLP on 9/27/2012

On April 5, 2012, the Jumpstart Our Business Startups Act (“JOBS Act”) became effective. The JOBS Act mandated, among other things, that the Securities and Exchange Commission (“SEC”) amend Rule 506 of Regulation D and Rule...more

JOBS Act, Accredited Investors, and Flaming Hoops

by Davis Wright Tremaine LLP on 9/26/2012

I’ve heard it multiple times now, from angel investors and entrepreneurs alike, that the JOBS Act changed the definition of “accredited investor” in order to make it easier to be one. It’s as if President Obama and the...more

JOBS Act Updated: SEC Proposes Rules to Facilitate General Solicitation for Offers of Securities Under Rules 506 and 144A

by McCarter & English, LLP on 9/24/2012

The JOBS Act, signed into law in April, directed the Securities and Exchange Commission (SEC) to remove the prohibition against general advertising and solicitation in private placements conducted under Rule 506 and Rule 144A...more

When a “Public Offering” Is Not a “Public Offering”: The SEC Rule Proposal Eliminating the Ban on General Solicitation and...

by Orrick - Securities Litigation and Regulatory... on 9/24/2012

Introduction - On April 5, 2012, the Jumpstart Our Business Startups Act (the “JOBS Act”) was enacted. The stated objective for the JOBS Act is to improve access to the public capital markets for startup and emerging...more

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Communications & Media Law › Administrative Law › Securities Law