Emerging Markets Law

Showing 3 posts from June 2015.

First Regulation A+ Offerings Filed

Now that Regulation A+ has become effective the first Regulation A+ filings are available through the SEC’s EDGAR filing system.

Regulation A+ is the moniker given to the SEC’s recently-adopted changes to Regulation A which allow for the public solicitation of investors without an effective registration statement.

Under the new rules, issues may raise up to $50 million in a twelve-month period under the streamlined exemption process.

OTC Markets Provides Regulation A+ On-Ramp

OTC Markets, the operator of the OTCQX and OTCQB trading markets, has published its proposed rules for issuers utilizing Regulation A+ to raise capital from investors. (CNN Money.)

The SEC’s recently-issued Regulation A+ rules (which become effective June 19, 2015) allow issuers to raise up to $50 million with a streamlined prospectus.

Continue reading OTC Markets Provides Regulation A+ On-Ramp ›

FTC Settles Crowdfunding Fraud Case

The FTC announced last week its first settlement in a crowdfunding fraud case.

The FTC had accused Erik Chevalier of defrauding consumers in a Kickstarter crowdfunding campaign in which he sought to raise funds for a board game to be called “The Doom that Came to Atlantic City.”

Chevalier and his company, The Forking Path, launched their campaign for “The Doom That Came to Atlantic City” on Kickstarter in May 2012.  The game was based on a board that looked a lot like Monopoly, and required players to play the roles of villains in a post-apocalyptic version of Atlantic City.

Continue reading FTC Settles Crowdfunding Fraud Case ›

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