What Companies Can Expect During the Regulation A Process
Regulation A (Reg A) allows eligible companies to access investment capital without bearing the costs of a full public offering. Yet even in this streamlined process, companies should be prepared for substantial scrutiny from the Securities and...
EEOC Updates COVID-19 Vaccination Guidance for Employers
The U.S. Equal Employment Opportunity Commission (EEOC) recently updated and expanded its guidance for employers related to COVID-19 and workplace vaccination policies. Issued on May 28, the expanded technical assistance details how federal...
“Testing the Waters” in an EGC Public Offering or other Public Offering: What it Means and How it Works
No one wants to jump into a shower that is too cold. The same holds true for emerging growth companies (EGCs) and other issuers interested in offering their securities in the public markets. Since 2012, federal law has allowed EGCs to “test the...
SEC Guidance to M&A Brokers for Avoiding Broker Dealer Registration—with Major Limitations
In January 2014, the U.S. Securities & Exchange Commission issued a no-action letter that effectively exempted certain intermediaries from registering as broker-dealers when they are assisting in the sale of private companies. While the SEC’s...
Retail Securities Law: Beware of Blue Sky Laws
State laws governing retail securities — or “Blue Sky Laws” — may not receive the attention that surrounds federal regulations, but organizations can run into significant financial and legal exposure if they fail to take them into account when...
Mortgage Debt Growth Continues for Commercial and Multifamily Real Estate
Recently released mortgage data shows that debt issued for commercial and multifamily real estate increased steadily in 2020 despite Covid-19-related economic uncertainty and a corresponding decline in lending volume. According to information...