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Full-Text Articles in Law
Crowdfunding Capital In The Age Of Blockchain Based Tokens, Patricia H. Lee
Crowdfunding Capital In The Age Of Blockchain Based Tokens, Patricia H. Lee
All Faculty Scholarship
Less than three years ago, the Securities and Exchange Commission (“SEC”) adopted investment crowdfunding regulations (“Reg. CF”) to facilitate small companies’ efforts to raise capital and jumpstart employment, providing companies potentially one of the most disruptive transformations in capital markets.
As the lion share of securities are offered under public offerings or Reg. D safe harbor exemptions, outcomes and impacts of Reg. CF offerings are not studied or monitored to the same extent. One line of inquiry is the scope of Reg. CF, including questions about the level of company participation, the types of businesses seeking capital formation, and the …
Regulatory Updates: Finra And Sec Rule Changes And Guidance Of Interest, Christine Lazaro
Regulatory Updates: Finra And Sec Rule Changes And Guidance Of Interest, Christine Lazaro
Faculty Publications
Over the past year, FINRA has proposed and approved new rules and amendments to its existing rules. FINRA has also issued supplemental guidance on existing rules. This article highlights those rule changes and guidance governing sales practice obligations of brokers, as well as the arbitration process. Additionally, this article will cover certain recently adopted SEC and CFTC rules.
Ipos And The Slow Death Of Section 5, Donald C. Langevoort, Robert B. Thompson
Ipos And The Slow Death Of Section 5, Donald C. Langevoort, Robert B. Thompson
Georgetown Law Faculty Publications and Other Works
Since its enactment, Section 5 of the Securities Act of 1933 has restricted sales-based communications with investors, but that effort is nearly dead even with respect to the most sensitive of offerings, the IPO. Our paper traces that devolution, which began almost as soon as the ’33 Act came into existence, though the SEC’s 2005 deregulatory reforms and Congress’ intervention in the JOBS Act of 2012. We show how much of this related to an embrace of “book-building” as the industry’s preferred method of price discovery, which requires private two-way communications between underwriters and potential sophisticated investors. But book-building (and …
10th Biennial Midwest/Midsouth Securities Law Conference, Office Of Continuing Legal Education At The University Of Kentucky College Of Law
10th Biennial Midwest/Midsouth Securities Law Conference, Office Of Continuing Legal Education At The University Of Kentucky College Of Law
Continuing Legal Education Materials
Materials from the UK/CLE 10th Biennial Midwest/Midsouth Securities Law Conference held in February 2000.