UPDATE – Recent Senate Legislation Retains Venture Capital Fund Exemption

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Sweeping financial overhaul passed by the U.S. Senate spares venture capital fund managers from new registration requirements that may hit the hedge fund community, requires periodic evaluation and adjustment of accredited investor standards, and disqualifies certain securities offerings from issuers affiliated with felons and other “bad actors” from the Regulation D safe harbor exemption from registration.

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Published In: Criminal Law Updates, Elections & Politics Updates, Finance & Banking Updates, Securities Updates

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.

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