Legal Update - March 2012


In This Issue:

- SEC Issues Final Rules to Implement Changes in Accredited Investor Definition

- Florida Legislature Enacts Last-Minute Extension of the Distressed Condominium Relief Act

- Agencies Issue Final Rule for Summary of Benefits Requirement: FAQs Issued on Automatic Enrollment, 90-Day Waiting Period Limits, and Employer Shared Responsibility Rule

Excerpt from SEC Issues Final Rules to Implement Changes in Accredited Investor Definition

The Securities and Exchange Commission (“SEC”) recently adopted amendments to the definition of “accredited investor,” implementing certain requirements of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the “Dodd-Frank Act”). The amendments affect companies seeking to raise money through private offerings because they change the rules for determining if a potential investor qualifies as an “accredited investor.”

Please see full update below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Trenam Kemker | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.