chrismanderson

JOBS Act Update: SEC Misses Rulemaking Deadline, But "the Wheels Are in Motion"

SEC Chairman Mary Schapiro recently told Congress it was “not feasible” to meet the JOBS Act’s 90-day deadline for the implementation of changes to Securities Act Rule 506 to permit general solicitation in private placements to accredited investors.

Want to Mimic Sequoia’s “Scout” Program? Proceed with Caution

Deal lawyer Chris Manderson examines the risks of venture firms creating “scout” programs. If not carefully documented with advice of counsel, such programs could be ripe for litigation.

Be Careful, Entrepreneurs: Crowdfunding Securities Offerings Aren't Yet Legal

Until SEC rule-making is complete the crowdfunding exemption under Section 4(6) is not available for offers and sales of securities. Nonetheless, equity crowdfunding offers are already easy to find on Twitter.

Will Crowdfunding Live Up to the Hype? Part 4 of a 4-Part Series on the Jobs Act

This is part four of attorney Chris Manderson's four-part series examining the potential impact of the JOBS Act on capital raising for small and middle-market companies.

Private Placement Reform, or How the SEC Learned to Stop Worrying and Love General Solicitation: Part 3 of a 4-Part Series on the Jobs Act

This is part three of a four-part series examining how the Jumpstart Our Business Startups Act (JOBS Act) will affect the capital markets.

The “Facebook Problem,” Secondary Market Trading and the 500 Shareholder Rule: Part 2 of a 4-Part Series on the Jobs Act

This is part two of a four-part series examining how the Jumpstart Our Business Startups Act (JOBS Act) will affect the capital markets.

How to Get Your 'Emerging Growth Companies' onto the IPO Fast Track: Part 1 of a 4-Part Series on the Jobs Act

This is part one of a four-part series on the expected impact of the Jumpstart Our Business Startups (JOBS Act) on the capital markets by Chris Manderson, founding partner of law firm Manderson, Schafer & McKinlay LLP.