Funding Platforms for Rule 506 Offerings: Navigating Broker-Dealer Registration Exemption for Investment Advisers and Issuers
Recording of a 90-minute premium CLE webinar with Q&A
This CLE course will address what investment advisers who operate a funding platform for Rule 506 offerings need to consider in conducting their business. The program will also explore when broker-dealer registration is required.
Outline
- Analysis of JOBS Act exemption from broker-dealer registration and broker-dealer registration generally
- Analysis of the issuer exemption of the Investment Advisers Act
- Analysis of SEC no-action letter
- Key take-aways for moving forward.
Benefits
The panel will review these and other key issues:
- Scope of JOBS Act exemption from broker-dealer registration
- When broker-dealer registration is required
- Take-aways from SEC’s no-action letters to AngelList and FundersClub
- Discussion of the issuer exemption and Investment Adviser’s Act.
Faculty
Scott M. Andersen
Principal
finLawyer.com (Andersen, PC)
Mr. Andersen's practice focuses on securities law and securities regulation. He has broad experience with... | Read More
Mr. Andersen's practice focuses on securities law and securities regulation. He has broad experience with regulatory investigations and enforcement actions. He previously was deputy regional chief counsel at FINRA in Los Angeles, where he oversaw all FINRA enforcement cases and managed the West region’s attorneys. He led complex criminal and civil prosecutions for the New York State Attorney General’s office, the New York Stock Exchange and FINRA. He worked on significant matters involving pump and dump frauds, illegal stock distributions in violation of Section 5, insider trading, research analysts conflicts of interest, market timing/late trading, enterprise corruption, stock manipulation, improper sales of complex products, and supervision and supervisory control systems.
CloseGeorge S. Georgiades, Esq.
Georgiades & Associates
Mr. Georgiades is an experienced securities attorney representing (crowd)funding portals, emerging growth... | Read More
Mr. Georgiades is an experienced securities attorney representing (crowd)funding portals, emerging growth companies, investment advisors, institutional/angel investors and broker-dealers on a wide range of commercial and capital formation transactions. He represents a wide array of issuers in capital market financings. He serves as legal counsel to numerous startup companies and new ventures in all stages of development. Since 2011, he has actively supported the implementation of the JOBS Act reforms and has worked proactively with crowdfunding portals, service providers, industry associations and regulators to fashion the adopting regulations. He has served as legal counsel to several of the leading venture-backed funding platforms.
CloseJillian Sidoti, Esq.
Trowbridge Sidoti
Ms. Sidoti specializes in transactional legal matters such as private placement memorandums, Form 10′s,... | Read More
Ms. Sidoti specializes in transactional legal matters such as private placement memorandums, Form 10′s, S-1′s, Regulation D filings, trademarks, copyrights, NDA’s, and contractual matters. She also is a frequent speaker at seminars educating real estate investors on how to legally raise capital for their real estate investment projects. She also teaches Finance and Accounting for the BS and MBA programs at the University of Redlands, drawing on her experience as Financial Analyst, Controller, and CFO for many companies.
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