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As experts in several unique areas of the law, our attorneys are dedicated to keeping up to date on legal matters related to every client’s case. We like to share what we’re learning, so you’ll find some free resources here. You’ll also find firm announcements and our perspectives on legal matters related to our firm’s specialties.

Firm News

Five Things Every Entrepreneur Must Know about the JOBS Act

Recently, the bipartisan Jumpstart Our Business Startups (JOBS) Act became law, transforming how entrepreneurs can raise the money to grow their business. The JOBS Act expands the pool of potential investors, makes investing in small businesses more attractive and lowers the regulatory burden for more mature business of “going public.” Savvy entrepreneurs should be aware of what the new legislation entails when forming a comprehensive strategy for raising capital and growth.

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Governor Bob McDonnell Announces Appointment of Robert R. Kaplan, Jr. to the Board of Housing and Community Development, of the Virginia Department of House and Community Development (DHCD)

Richmond, VA–Governor Bob McDonnell announced the appointment of Robert R. Kaplan, Jr., Managing Partner, Practices, at Kaplan Voekler Cunningham & Frank, PLC (KVCF) to the Board of Housing and Community Development, of the Virginia Department of Housing and Com-munity Development (“DHCD”), to serve for a 4 year term.

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President Obama Signs Jobs Act

Landmark Legislation Changes the Landscape of Raising Capital
On April 5, 2012 President Obama signed the Jumpstart Our Business Startups Act (JOBS Act) into law. Passed by a 73-to-26 vote in the U.S. Senate and a 380-to-41 vote in the U.S. House of Representatives, the JOBS Act is a bipartisan col-lection of legislative measures that have been in-troduced over the past year and change dramati-cally the regulatory scheme for raising capital in the U.S.

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Name Five Ways Broker-Dealers Benefit from Reg A+ … Go!

RICHMOND, VA – The U.S. Securities and Exchange Commission (SEC) announced the rules implementing Title IV of the JOBS Act, commonly known as Regulation A+, on March 25. These rules increase the amount a company can raise through a non-registered, public securities offering from $5 million to $50 million in a year. Reg A+ also allows securities to be sold in all 50 states without state pre-review, and permits non-accredited investors to buy in. In short, Reg A+ eliminates the barriers that have prevented smaller companies from accessing public capital and smaller investors from accessing alternative investments.

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Dispelling Myths Around Regulation A+

RICHMOND, VA – On March 25, 2015, the SEC promulgated its final rules related to the implementation of Title IV of the JOBS Act, better known “Reg. A+”. This represents a watershed event in the securities law, providing a workable means for issuers to engage in public offerings of securities that are EXEMPT from the registration requirements of Section 5 of the Securities Act of 1933. Already several misconceptions of the new law are out in the market. Let’s look at some of these and dispel them in turn.

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A New Era in Capital Raising: Regulation A+ Overview

RICHMOND, VA – On March 25, 2015, the Securities and Exchange Commission (“SEC”) held an open meeting to vote on adoption of rules and forms related to the offer and sale of securities pursuant to Section 3(b) of the Securities Act of 1933 to implement Section 401 of the Jumpstart Our Business Startups Act, otherwise known as “Regulation A+”.

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Regulation A+ Adopted by SEC

RICHMOND, VA – On March 25, 2015, the Securities and Exchange Commission (“SEC”) held an open meeting to vote on adoption of rules and forms related to the offer and sale of securities pursuant to Section 3(b) of the Securities Act of 1933 to implement Section 401 of the Jumpstart Our Business Startups Act, otherwise known as “Regulation A+”.

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REISA’s Spring Symposium Aims to Educate

SAN DIEGO, CA – REISA’s Spring Symposium, which takes place here March 16-18 at the Sheraton San Diego, will focus on educating reps, broker-dealers and sponsors about the alternative-investment industry, GlobeSt.com learns exclusively. GlobeSt.com spoke with John Harrison, REISA’s CEO and executive director; Tom Voekler, REISA’s president-elect and co-founder and managing partner of business operations for Kaplan Voekler Cunningham & Frank; and Mark Kosanke, REISA’s president and the founding partner and licensed security principal at Concorde Financial Group, about what attendees can expect from the event, the regulations impacting alternative investments and changes within REISA, the organization.

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New Regulation A – Critical Commentary to the SEC

RICHMOND, VA – On December 18, 2013, the United States Securities and Exchange Commission (“SEC”) proposed landmark rules, pursuant to the mandate of Title IV of the Jumpstart Our Business Start-Ups Act (the “JOBS Act”), to revitalize Regulation A promulgated under Section 3(b) of the Securities Act of 1933, as amended (the “Securities Act”). These rules create a create a two-“Tier” system for Regulation A offerings. Tier 1 will continue to be available for offerings under $5 million, while a Tier 2 Regulation A offering will be for offerings of up to $50 million. Tier 1 offerings will continue to have similar requirements as existing Regulation A, while an issuer conducting a Tier 2 offering will be subject to heightened disclosure requirements in its offering documents and will be required to make ongoing reporting.

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