Exemptions, Securities and Exchange Commission (SEC), Blue Sky Laws

When Do Blue Sky Laws Apply?

Allen Matkins on 4/15/2025

In my experience, many securities lawyers are well versed in the federal securities laws, but have little experience with state securities laws. This is understandable because federal law in many cases preempts state...more

Proskauer's Hedge Start: What Key Exemptions Apply to Hedge Funds?

Proskauer Rose LLP on 6/13/2024

We have separately discussed the common exemptions from registration of a fund manager with the Securities and Exchange Commission (SEC) as an investment adviser and from registration with the Commodity Future Trading...more

SEC’s New Exempt Offering Rules: Demo Days and Testing the Waters — All Glister No Gold?

Troutman Pepper Locke on 11/27/2020

Issuers will likely hesitate to use some of the new changes — including the new “demo days” and “testing-the-waters” communications — due to limitations on those activities under other laws, including the Investment Company...more

SEC Adopts Final Rules to Allow Exchange Act Reporting Companies to Use Regulation A

Skadden, Arps, Slate, Meagher & Flom LLP on 12/21/2018

The Securities and Exchange Commission (SEC) adopted final rules to allow reporting companies to rely on the Regulation A exemption to conduct securities offerings of up to $50 million in a 12-month period without Securities...more

When To Worry About Blue Sky Laws

Allen Matkins on 10/24/2018

Recently, I came across a very helpful table on the SEC's website. The table illustrates which offerings exempt from Section 5 of the Securities Act may be subject to state registration or qualification requirements...more

OTC Markets, Inc. Asks SEC To Open Regulation A+ to Reporting Issuers

Stinson - Corporate & Securities Law Blog on 6/9/2016

On June 6, 2016, the OTC Markets Group Inc., the entity operating three major over-the-counter marketplaces (“OTC”), submitted a rulemaking petition to the SEC. The petition asked the SEC to amend Regulation A+ to allow...more

SEC Adopts Regulation A+

Bradley Arant Boult Cummings LLP on 8/28/2015

Newly adopted exemption to securities registration requirements may offer new capital raising opportunities for developing companies - A company that seeks to raise capital by offering or selling securities to potential...more

Exemptions › Securities and Exchange Commission (SEC) › Blue Sky Laws