News & Analysis as of

Private Placements New Guidance

Gordon Rees Scully Mansukhani

SEC No-Action Letter and Compliance Guidance Establish New Accredited Investor Verification Standard

In response to a request for no-action submitted by the law firm Latham & Watkins on March 12, 2025 (No-Action Letter), the Securities and Exchange Commission (SEC) Division of Corporation Finance’s staff (Staff) provided new...more

Bradley Arant Boult Cummings LLP

SEC Issues Guidance on Accredited Investor Verification

The staff of the U.S. Securities and Exchange Commission (SEC) recently released a no action letter addressing when accredited investor status for purposes of Rule 506(c) of Regulation D can be established by a representation...more

Latham & Watkins LLP

FAQs on the Latham Letter for Exempt Offerings with General Solicitation Under Rule 506(c)

Latham & Watkins LLP on

On March 12, 2025, Latham obtained SEC Staff guidance on the use of general solicitation in private placements. The guidance unlocks the full potential of Regulation D Rule 506(c) by clarifying that issuers may satisfy the...more

Latham & Watkins LLP

Consultation on Proposed Regulation to Govern Market Soundings in Hong Kong

Latham & Watkins LLP on

SFC proposes guidelines for intermediaries conducting and receiving market soundings in securities and capital market transactions. On 11 October 2023, the Securities and Futures Commission (SFC) issued a consultation...more

Bennett Jones LLP

TSX Confirms Abbreviated Pricing Timelines Possible Following Release of Material Information

Bennett Jones LLP on

On May 10, 2018, the Toronto Stock Exchange (TSX) issued a staff notice providing guidance on pricing prospectus and private placement offerings (in either case, an offering) following the release of material information by...more

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