On October 7th, the SEC proposed a new limited, conditional exemption from broker registration requirements for “finders” who assist issuers with raising capital in private markets from accredited investors. If approved, the planned exemption would allow natural persons to participate in certain limited activities involving accredited investors without being registered as brokers with the SEC. The proposed exemptive order aims to help small businesses that face challenges raising the capital they need to grow and succeed, especially when they are located in areas that do not have established capital raising networks. It will also bring clarity to finders’ regulatory status in a personalized manner that focuses on the capital formation needs of certain smaller issuers while preserving investor protections. Continue reading "SEC Proposes Conditional Exemptive Order for..." »