With the development of artificial intelligence (AI) and advances in its capabilities, many are becoming overly dependent and falling victim to its pitfalls. While AI has become a normal part of our everyday lives and can make things easier, it is not bulletproof. Understanding the weaknesses of AI, especially when applied to legal documents, is...
Corporate & Securities
Aspiring fund managers often ask the time required to start a fund, the typical lifecycle of a fund, and what preliminary steps they should take. While the answer can vary depending on the specifics, this article serves to provide private fund managers with insights on steps to take and what to expect throughout the process....
Mar202025
In a groundbreaking no-action letter issued on March 12, 2025, the Securities and Exchange Commission has significantly simplified the accredited investor verification process for Rule 506(c) offerings. This new guidance applies to accredited investors who meet high minimum investment thresholds and provide certain representations. The no action letter marks a pivotal shift in private offerings,...
Losing a spouse is one of the most devastating experiences a person can face. In the midst of grief, handling financial and legal matters can feel overwhelming. As an estate planning attorney, I’ve guided many clients through this process, and my goal is to offer clarity during this difficult time. If you’ve recently lost your...
In financing transactions, many companies consider raising capital through debt rather than equity. The reasons for this vary, but many mistakenly assume that issuing debt eliminates the need for securities compliance. This misunderstanding often leads companies to overlook key compliance requirements, such as registration or qualifying for an exemption under securities law. Understanding when and...
The SEC’s recent charges against private securities issuers highlights the importance of securities compliance. On December 20, 2024, the Securities and Exchange Commission (“SEC”) announced charges against several entities for failing to file Form D for their offerings. These charges resulted in substantial civil penalties totaling $430,000. What is Form D? Form D is a...
Fund managers and syndicators should consider forming a brand new entity rather than using an existing entity or managing the fund or syndication individually. Here’s why: Liability Protection: The primary and most important reason to form a new entity to manage your fund or syndication is for liability protection purposes. First, utilizing an entity (rather...
With the holidays quickly approaching, so is an important regulatory requirement that likely affects your business. The deadline for filing Beneficial Information (BOI) reports with the Financial Crimes Enforcement Network (FinCEN) for entities formed before January 1, 2024, is January 1, 2025. Before commencing your New Year’s Eve celebration, be sure to file your BOI...