What Separates Regulation A from Other Exempt Offerings?
Earlier this year, the Securities and Exchange Commission boosted the amount of capital companies may raise through exempt offerings under Regulation A. The new rules increased Regulation A’s Tier 2 annual offering cap to $75 million from $50...
Update: Proposed Caps on Like-Kind Exchanges Remain Up in the Air
An effort by the Biden administration that would essentially eliminate 1031 exchanges, also known as like-kind exchanges, for a broad swath of commercial real estate transactions is running into significant opposition in Congress. Yet the fate of...
FINRA Will Require Broker-Dealers to File Private Placement Retail Communications
More than a year ago, the Financial Industry Regulatory Authority (FINRA) said that it would make reviewing the rules for private placement retail communications by broker-dealers a special priority. Now, the financial regulator is following...
Understanding Real Estate Finance: Digging the Dirt on Ground Leases
For many commercial real estate developers, the cost of acquiring land and then building out a project can be prohibitively expensive—particularly in high-priced urban markets and at a time when corporate tenants may be scaling back on space in the...
Broker-Dealers: What Is the Series 79 Exam?
For broker-dealers, a Series 7 license allows them to sell corporate stocks and bonds and a range of other securities, such as municipal bonds and mutual funds. But if they intend on pursuing investment banking activities, as well, they need...
Understanding Real Estate Finance: The Advantages and Disadvantages of a Non-Traded REIT
Recently, a global investment manager with $1.3 trillion in assets under management, established a non-traded real estate investment trust to raise billions of dollars in capital to purchase commercial real estate in the United States and to hold...