PHILADELPHIA, Oct. 13, 2014 /PRNewswire-USNewswire/ — American Law Institute Continuing Legal Education is pleased to announce its upcoming program: The New Face of Capital Formation. This year’s conference is being held November 20 – 21, 2014, in San Francisco, CA.
The JOBS Act of 2012 opened the doors for a SEC proposal that would allow investors to raise capital through popular, internet based crowdfunding sites. Under the proposal, a company would be permitted to use a crowdfunding portal to offer securities and raise up to $1 million in any 12-month period from an unlimited number of investors regardless of their net worth or sophistication. While the market awaits the crowdfunding regulations, promoters are already having success with accredited investor crowdfunding and forms of capital raising that do not involve a securities offering, such as Kickstarter and RocketHub.
The JOBS Act of 2012 upended private placements, permitting general solicitation and public advertising for the first time and calling for the promulgation of SEC rules to permit crowdfunding and to provide for a new, larger, and more useful form of Reg A for offerings up to $50 million (called Reg A+). While the market awaits the crowdfunding regulations, promoters are already having success with accredited investor crowdfunding and forms of capital raising that do not involve a securities offering, such as Kickstarter and RocketHub.
The JOBS Act also brought a revolution in IPOs for emerging growth companies (EGCs), providing for relaxed disclosures and confidential filings. It also raised the threshold for mandatory registration under Section 12(g) of the Securities Exchange Act of 1934 from 500 to 2,000 shareholders of record, thereby creating an entirely new creature – the very large private company funded through the use of public advertising. In this environment, every lawyer engaged in capital-raising at any level must have current expertise in private placements and Regulation D, as well as in the new options for capital formation, such as Regulation A+.
This highly-engaging and all-new CLE program on capital formation reviews current and developing issues in private placements and explores how private placements will work in the new regulatory environment. “Our task is to convey and talk with attendees about the New Face of Capital Formation. We look forward to the challenge,” said planning chair Alan Berkeley.
Join us for this program and get an overview, a sophisticated perspective, and a practical understanding of the developments and concerns of those undertaking private placement offerings today. For more information or to register, click here.
About American Law Institute Continuing Legal Education American Law Institute CLE is the continuing legal education division of the American Law Institute. American Law Institute CLE, a non-profit organization, is committed to the work of promoting continuing professional education for lawyers throughout the United States and to creating standards to ensure quality and relevance in CLE programs. American Law Institute CLE is constantly evolving to meet the needs of the legal profession, furthering a tradition of unparalleled service to lawyers. For more information go to www.ali-cle.org.
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SOURCE American Law Institute CLE