Monthly Archives: March 2017
Current Changes to Rules 504 and 505 of Regulation D
Regulation D under the Securities Act of 1933 is amended, although not frequently, but a pair of amendments announced by the SEC in late 2016 are taking effective now. The amendments to Rule 504 — the “lowest hurdle” of what … Continue reading
Business Entity Three Year Statute of Repose
Potential clients wanting to dissolve a Texas business entity frequently tell me they “want the three year period to start running” although they can’t really explain what it is or why it needs to begin, but they are sure that it … Continue reading
An “Investment Contract” is a “Security”
Why is the term “investment contract” which appears in the definition of “security” in the federal Securities Act of 1933, the federal Securities Exchange Act of 1934, and the Texas Securities Act corporate stock so important? Corporate stock is a “security” … Continue reading