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Important Information for Managers with Reg D Offerings

September 19, 2013 |

Investment Management Alert

On September 23, 2013, the SEC’s new rules become effective that disqualify certain persons from being involved in Reg D private offerings relying on Rule 506. For clients who are currently conducting one or more of these private offerings, or are contemplating one, this alert summarizes your obligations under the new SEC rules.

Essentially, under the new rules, certain persons who have been the subject of specific disqualifying events will be prohibited from having any involvement in a Rule 506 offering. The persons who are potentially disqualified (known as “Covered Persons”) include:

Read full article at: http://www.drinkerbiddle.com/resources/publications/2013/Important-Information-for-Managers-with-Reg-D-Offerings