On March 12, 2025, the Securities and Exchange Commission (“SEC”) issued a significant no-action letter clarifying the use of high minimum investment amounts as a method for verifying accredited investor status under Rule...more
3/17/2025
/ Capital Markets ,
Capital Raising ,
Compliance ,
Disclosure Requirements ,
Investment ,
Investors ,
JOBS Act ,
No-Action Letters ,
Private Equity ,
Private Funds ,
Private Offerings ,
Regulation D ,
Rule 506(c) ,
Securities and Exchange Commission (SEC) ,
Securities Regulation ,
Verification Requirements
The nationwide injunction against enforcement of the Corporate Transparency Act (“CTA”) and its beneficial ownership information (“BOI”) reporting rule under 31 CFR 1010.380 (the “Rule”) has been stayed pending appeal, and...more
12/24/2024
/ Appeals ,
Beneficial Owner ,
Business Entities ,
Business Ownership ,
Corporate Transparency Act ,
Disclosure Requirements ,
Filing Deadlines ,
Filing Requirements ,
FinCEN ,
Injunctions ,
Preliminary Injunctions ,
Reporting Requirements ,
Smaller Reporting Companies ,
Stays ,
Time Extensions
On December 3, 2024, the U.S. District Court for the Eastern District of Texas issued a nationwide preliminary injunction temporarily blocking enforcement of the Corporate Transparency Act (CTA) and its reporting rule...more
12/4/2024
/ Administrative Exemption ,
Administrative Procedure Act ,
Beneficial Owner ,
Constitutional Challenges ,
Corporate Counsel ,
Corporate Transparency Act ,
Disclosure Requirements ,
Enforcement Actions ,
FinCEN ,
Motion To Enjoin ,
Popular ,
Preliminary Injunctions ,
Reporting Requirements ,
Small Business ,
Smaller Reporting Companies