Private Fund Managers and Rule 506(c): Look Before You Leap
Wednesday, December 4, 2013
1:00 PM - 2:30 PM ET
Selling stock or other securities to investors is common practice by businesses as they seek to expand or simply fund their existing operations. As public offerings are required to be registered with appropriate agencies, which can be expensive and which can also delay the process, some companies seek exemptions from these registration requirements, such as those afforded by a private placement. The Securities and Exchange Commission (SEC) has recently issued Rule 506(c) governing such private placements.
Hedge fund general counsel and chief compliance officers have been pondering what their firms should make of new Rule 506(c). The provision permits “general solicitation” by issuers making private placements of their securities, including hedge funds selling limited partnership interests. The faculty presenting this program will provide an in-depth examination of the risks and opportunities afforded by this new rule.
• Understand whether the new rule created a new horizon of possibilities or perilous waters.
• Learn about possible new freedoms.
• Gain a thorough understanding of new Rule 506(c).
• Find out about Regulation D proposals.
• Discover what may lie ahead.
Who would benefit most from attending this program?
Hedge fund general counsel, chief compliance officers, corporate counsel, and financial professionals.
Program Level: Intermediate
Credit Available: CLE.