July 7, 2014

Accredited Investor Verification: Corp Fin Issues 6 New CDIs

On Thursday, just a week after SIFMA issued guidance on the topic, Corp Fin issued these 6 new CDIs relating to Regulation D – in particular, verification of accredited investors:

1. Section 255. Rule 501 – Definitions and Terms Used in Regulation D:
New Question 255.48
New Question 255.49

2. Section 260. Rule 506 – Exemption for Limited Offers and Sales Without Regard to Dollar Amount of Offering:
New Question 260.35
New Question 260.36
New Question 260.37
New Question 260.38

Here’s a summary from Stinson Leonard Street’s David Jenson…

Board Diversity: Quotas Have Limited Success

Some European countries have tackled the challenges of limited gender diversity on boards by enacting quotas. Now that Norway’s law in this area is more than a decade old, the results are in – and this opinion piece from the NY Times concludes that they haven’t worked as designed based on the results of this study

By the way, here are the comments submitted on the UK’s recent proposal (known as a “consultation document”) to revise its corporate governance code…

More on “The Mentor Blog”

We continue to post new items daily on our blog – “The Mentor Blog” – for members. Members can sign up to get that blog pushed out to them via email whenever there is a new entry by simply inputting their email address on the left side of that blog. Here are some of the latest entries:

– Analysis: Trends in U.S. Board Diversity
– The State of the Auditing Profession
– SEC May Renew Focus on IFRS
– SEC Acknowledges Ethical Obligations May Preclude Voluntary Reporting Out By Attorneys
– Lucky Man: CEO’s Repeated Good Fortune in Timing Stock Sales
– Comparison: Corporate Governance Frameworks

– Broc Romanek