SEC Regulation A+ and Crowdfunding: Implications and Recent Developments in 2016
In June 2015, Title IV of the Jumpstart Our Business Startups (JOBS) Act has started to indulge medium sized companies with a streamlined process in raising money from investors. Title IV created Regulation A+ (Reg A+) which will provide an exemption from having to file reports with the Securities and Exchange Commission (SEC) for US and Canadian issuers seeking to raise up to $50M in a 12-month period. After a year of implementation, Reg A+ was able to provide a workable exemption for notable prior and upcoming offerings and has provided investors with convenient access to company offerings at their issue price.
With all the recent exhilaration with Reg A+ as today’s most opportunistic exemption for fundraising, it is crucial for issuers to be well-versed with all the legal considerations when structuring and preparing their crowdfunding strategies. In this light, a panel of key thought leaders and professionals assembled by The Knowledge Group will provide the audience in this two-hour LIVE Webcast, with an in-depth analysis of the recent developments in Reg A+ and Crowdfunding. Speakers will go beyond the basics and will present their expert thoughts and opinions on how to maximize the number of investors who can participate in your crowdfunding process, and will also provide best strategies in mitigating common pitfalls and potential regulatory risks
- Regulation Crowdfunding – An Overview
- Regulation A+ - Legal Framework
- Scope and Limitations of Regulation A+
- Reporting Requirements
- Legal Risks and Challenges
- Practical Tips on Preparing the Business for A Successful Offering
- Common Pitfalls and Potential Regulatory Risks
Darryl Steinhause, Partner
DLA Piper LLP (US)
Charles Kaufman, Esq., Counsel
Homeier & Law, P.C
Legal & technical
Overview of offering circular process
Tore Steen, CEO, Co-Founder
Use of technology
Who Should Attend:
- Start Up, Entrepreneur and Small Business Individual Companies or Groups
- Securities and General Corporate Lawyers
- Public Accounting Firms
- Fund Managers
Darryl Steinhause has more than 30 years of experience in complex securities and tax transactions, representing both sponsors and investors in a range of deal structures. The Daily Journal selected Steinhause as one of the Top 100 Lawyers in California in 2014 for his work with clients looking to invest in new online real estate platforms. Steinhause was one of the first in his field to recognize the implications of the 2012 JOBS Act which amended Rule 506 of Regulation D of the Securities Act of 1933, and has been advising clients on both the potential and the complications of such platforms. Steinhause has been recognized as an industry expert at the forefront of this exciting new area of opportunity, and has spoken on the subject of crowdfunding at numerous conferences since the Rule changed in 2012.
Darryl Steinhause has more than 30 years of experience in complex securities and tax transactions, representing both sponsors and investors …
Tore is a business leader in the internet and software industries with deep expertise in strategy, business development, sales, and marketing for both publicly traded and private enterprises.
Prior to CrowdStreet, Tore was instrumental in leading the product, sales, marketing, and business development efforts for Janrain, taking them from early stage rapid growth phases to becoming the recognized leader in the social identity space with a full user management platform and global enterprise customers. He has held senior leadership roles as the Vice President of Business and Corporate Development at WebTrends and Director of Business Development at EarthLink.
Tore earned a Master of Business Administration from Duke University and a Bachelor of Arts in political science from the University of Notre Dame.
Tore is a business leader in the internet and software industries with deep expertise in strategy, business development, sales, and …
Charles Kaufman, Counsel at Homeier & Law P.C., has been advising growing companies and their leaders for over 20 years. In private law firms and as general counsel of a public company he has helped his clients to create, finance, govern, combine and exit their businesses, and to form strategic alliances, across a broad range of industries, including medical devices, healthcare, software, nanotechnology, film and music production, garment manufacturing, retailing, real estate investment and semiconductors. Charles advises early stage companies on obtaining both debt and equity capital from angel and venture capital investors, as well as expanded opportunities under Regulation 506(c), Regulation “A Plus” and the soon-to-be effective crowdfunding rules of the JOBS Act. He has extensive experience advising public companies on securities regulation and compliance and advising both new and established companies in public and private securities offerings during a period of rapid change in the financial and regulatory landscape, from the still-emerging JOBS Act to Dodd-Frank and Sarbanes-Oxley. An active member of Homeier & Law’s prominent EB-5 practice, Charles has advised numerous companies in raising capital under the program. As EB-5 transactions have become part of the financial mainstream, but also come under unprecedented scrutiny, clients have sought out his combined expertise in U.S. securities laws and regulations and in the specialized demands of EB-5 financing. Charles earned both his J.D. and B.A. degrees at the University of California at Los Angeles. He is a member of the State Bar of California and serves on the editorial board of its International Law Journal.
Charles Kaufman, Counsel at Homeier & Law P.C., has been advising growing companies and their leaders for over 20 years. …
Print and review course materials
Method of Presentation:
Experience in securities
NASBA Field of Study:
Finance - Technical
NY Category of CLE Credit:
Areas of Professional Practice
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About DLA Piper LLP (US)
The Real Estate Capital Markets group of DLA Piper builds creative solutions for your business needs. Our interdisciplinary approach ensures the involvement of skilled practitioners to address the complexities of real estate securities. Our group's experience acting as lead counsel on fund, REIT, DST, TIC and debt offerings, gives our clients an edge in capital markets transactions.
CrowdStreet is a software and services company disrupting the commercial real estate industry by enabling innovative real estate operators and developers to efficiently engage in online capital formation, communicate with investors, distribute investment documents and centralize ongoing investor relations.
CrowdStreet technology solutions provide real estate sponsors a scalable platform for managing a large investor-base.
CrowdStreet Marketplace allows sponsors access to a national audience of accredited investors. CrowdStreet Sponsor Direct enables sponsors to use the same technology powering the CrowdStreet Marketplace to present offerings to their own investors, under their own brand.
Both CrowdStreet solutions democratize access to commercial real estate investment opportunities by connecting accredited investors, family offices and institutions with real estate sponsors for no-fee co-investing, and modern digital portfolio management.
Headquartered in Portland OR, CrowdStreet was founded in 2013 by a team with more than 80 years of combined experience in commercial real estate, software development, online marketing and private equity.
About Homeier & Law, P.C
Homeier & Law, P.C. was launched by lawyers who wanted to build a better law firm for its clients. Our firm is built on the principles of legal excellence and providing practical advice geared toward achieving desired results. This allows us to make a distinctive and substantial impact for our clients. We see clients as our partners and truly understand that their success is our success. We are truly immersed deeply in the crowdfunding world. Not only do our attorneys provide legal advice to crowdfunding companies, but some of us have participated in lobbying efforts, launched our own crowdfunding businesses, or invested in crowdfunded deals ourselves. Our crowdfunding practice combines sophisticated legal knowledge and practical business experience with prices perfect for companies that need good legal work but don’t want to conduct a capital raise just to pay for their legal bills.