Bad Boys and Rule 506


The SEC is proposing new regulations under the Section 926 of the Dodd- Frank Wall Street Reform and Consumer Protection Act. The Rule is officially know as the Disqualification of Felons and Other “Bad Actors” from Rule 506 Offerings. These rules are similar to the rules provided for in Rule 505, Regulation A, Regulation E and state limited offering exemptions. This article summarizes the main aspects of this proposed regulation.

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