FinLaw: Serial issuers of securities need to comply with state blue sky Laws
As we’ve previously discussed, a serial issuer operating or using a website that displays and advertises offerings of securities (a “funding platform”) does not necessarily need to register with the SEC (or FINRA) as a broker-dealer.fn1 However, what about State blue sky laws? While Rule 506 of Regulation D and Regulation A+ Tier 2 offering
Read MoreFinLaw: The Issuer Exemption and Investment Advisers Who Are Operating Funding Platforms
Can advisers operate a funding platform for Rule 506 offerings without registering as a broker-dealer? This is a common question in the Rule 506 offering space. Funding platforms are websites that display offerings, and there is confusion about what rules come into play, asked by people in many diverse sectors, including technology and real estate.
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