Developments in Securities Regulation, Corporate Governance, Capital Markets, M&A and Other Topics of Interest. MORE

According to this article dated October 4, 2013, eight hedge funds had filed Form D’s indicating they were engaged in general solicitation.

My unscientific review of 25 Form D’s (all filers, not just hedge funds) filed on October 10, 2013, indicated that only 4 of 25 had checked the 506(c) general solicitation box.

This article suggests that the JOBS Act fell short of its goal, since angel investors will be reluctant to invest where self-certification as an accredited investor is not permitted.

For other information on Regulation D and general solicitation, see JOBS Act and Other Securities Law Essentials for Growing Companies.

Check frequently for updated information on the JOBS Act, the Dodd-Frank Act and other important securities law matters.