I liked that the program had a lot of exchange of practical advice and was very interactive among the speakers. I appreciated that the material covered was appropriate for practitioners who already knew something about the subject matter. The webinar was very thought provoking and I learned a great deal. Stern Partner Orrick Herrington & SutcliffeĪndrew Stutzman Partner Stradley Ronon Stevens & Young Customer Reviews Willa Cohen Bruckner Partner Alston & Bird Berman Adjunct Professor Northeastern University School of Law Strafford webinars are backed by our 100% Unconditional Money-Back Guarantee: if you are not satisfied with any of our products, simply let us know and get a full refund. Who gets sued in securities cases and why (i.e., how to avoid being among the defendants)?.How have the Reg D amendments impacted the financial statement and other disclosures required for delivery to non-accredited investors?.What are best practices for counsel in assessing the risks inherent in the issuer's business plan and industry, and how should counsel write those risks to best protect the client?.What information must be provided in a required PPM, and what should be provided in the PPM to limit potential exposure from claims by the SEC, state regulators, or private investors?.The panel will review these and other critical issues: The active role of securities counsel (litigation and due diligence).Regulatory framework and the value/need for a PPM.The panel will also discuss disclosures under applicable state laws. The group will examine the applicable SEC disclosure rules and consider potential pitfalls and red flags. Listen as our authoritative panel of securities attorneys walks you through the attorney's role in drafting and reviewing the PPM for the private sale and solicitation of securities. At times, counsel will need to help the client make challenging decisions about whether certain information is material and must be disclosed.Ĭounsel assisting in drafting or reviewing the PPM must conduct thorough due diligence to identify material information about the issuer and its business and the relevant risks inherent in the issuer's business plan and industry. A formal, required PPM must meet the disclosure requirements of Rule 502(b)(2) of Reg D and contain certain essential information. Registration statements for companies in the issuer's industry can be a helpful reference. PPM disclosures are often similar to those required in registration statements for registered securities offerings. And there are times when they are "nice to have." It is critical to understand which category your client is in when advising them about a securities offering. Other times, they are a "should do" item. Sometimes PPM (i.e., fulsome written) disclosures are required under the applicable securities registration exemptions. ![]() ![]() The disclosures are usually delivered via a PPM. In private securities offerings, issuers of securities often give investors written disclosures containing material facts about the offering, the issuer, and the risks associated with the investment.
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