Insight Center: Events & Webinars

Rule 506(c) and the SEC's Proposed Rule Changes Under the JOBS Act

Speakers: Gregory J. Nowak and Edward T. Dartley


November 26, 2013 | 12:00-1:00 PM (EST)

One of the SEC's most significant rule changes is an effort to give teeth to the Form D filing requirements. The proposal would increase the stakes dramatically so ensuring compliance will be vital.

As much as the elimination of the ban on general solicitation of private placements through the passage of Rule 506(c) creates significant opportunities for private issuers, the SEC has also proposed a series of rule changes that will, if passed, increase disclosure requirements and impose new consequences for failure to follow the new rules. While these proposals, if adopted, should not dampen enthusiasm over the doors that new Rule 506(c) will open, you just need to look carefully as you cross the threshold.

Gregory J. Nowak is a partner in the Philadelphia office of Pepper Hamilton, and a practice leader for hedge funds of the firm’s Funds Services Practice Group. He concentrates his practice in securities law, particularly in representing investment management companies and other clients on matters arising under the Investment Company Act of 1940 and the related Investment Advisers Act of 1940. Mr. Nowak also handles mergers and acquisitions, corporate and regulated investment company tax work, and other corporate matters. He also represents broker-dealers and CTAs and CPOs with respect to matters under the Securities Exchange Act of 1934 and the Commodity Exchange Act.

Edward T. Dartley is of counsel in the Funds Services and Financial Services Practice Groups of Pepper Hamilton, resident in the New York office. Mr. Dartley concentrates his practice on all facets of the asset management industry, with particular focuses on the alternative investment asset classes, managed accounts, venture capital and private equity funds; regulatory, compliance and operational matters; compliance audits and internal governance; family offices; and outside general counsel services. Mr. Dartley also focuses his practice on advising energy-focused alternative asset managers and companies on a wide variety of matters, and has worked with industry players in both the traditional and alternative energy industries. More recently, he has concentrated his practice on international regulatory matters affecting the asset management industry, including Europe’s new AIFMD regulatory scheme.

Pepper Hamilton is presenting this webinar for West LegalEdcenter, part of Thomson Reuters.

Contact Brian Dolan at dolanb@pepperlaw.com or 215.981.4568 with any questions.