Fiscal cliff legislation extends tax incentive to invest in small businesses *

USA - January 18 2013
As a result of the recent "fiscal cliff" legislation, otherwise known as the American Taxpayer Relief Act of 2012 (2012 Tax Act), many individual…

Co-authors: Garrett Johnston, Samuel Effron, Daniel I. DeWolf.

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Opportunities under new private placement rules *

USA - October 17 2012
Historically, the biggest difference between a registered public offering and a private placement of securities in the United States has been the prohibition of general solicitations and general advertising in connection with a private placement.

Co-authors: Garrett Johnston, Samuel Effron, Daniel I. DeWolf.

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Recent SEC guidance on crowdfunding *

USA - May 16 2012
On May 7, 2012, the Securities and Exchange Commission (SEC) Division of Trading and Markets issued guidance to prospective crowdfunding intermediaries under the Jumpstart Our Business Startups (JOBS) Act (H.R. 3606) in the form of Frequently Asked Questions (FAQs).

Co-authors: Garrett Johnston, Samuel Effron, Daniel I. DeWolf.

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A major change for traditional private placements: general solicitation and general advertising coming soon *

USA - April 9 2012
On April 5, 2012, President Obama signed into law the JOBS (Jumpstart Our Business Startups) Act (H.R. 3606), a package of bills aimed at easing the regulatory burdens on private and newly public companies during the capital-raising process.

Co-authors: Garrett Johnston, Samuel Effron, Daniel I. DeWolf.

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Crowdfunding: one step closer to reality *

USA - March 27 2012
On Tuesday, March 27, the House of Representatives passed the JOBS (Jumpstart Our Business Startups) Act (H.R.3606) by an overwhelming majority of 380-41.

Co-authors: Garrett Johnston, Samuel Effron, Daniel I. DeWolf.

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