Finders, Keepers: SEC Proposes Safe Harbor Framework for Unregistered Finders
By EsqSocial Corporation 19/10/20
The proposal would significantly impact finders by granting tailored exemptive relief to individuals engaging in limited capital raising activity. Key Points: ..The Proposal would provide a conditional exemption that would allow natural persons to engage in certain limited capital raising activities without needing to register as a broker (sometimes referred to as a broker-dealer) under the registration requirements of the Securities Exchange Act of 1934 (Exchange Act). ..The Proposal would...
By: Latham & Watkins LLP