Richard W. Jones

Mr. Jones is an attorney with the Atlanta,Georgia law firm of Jones & Haley,P.C. Mr. Jones concentrates his practice on securities law matters,such as public offerings,IPO's,private placements,SEC compliance,broker/dealer and investment adviser regulation and hedge funds. For further information go to www.corplaw.net

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SEC Changes Course and Allows Business Brokers to Receive Commissions on Business Stock Sales

Prior to 1985,the SEC did not consider the sale of a business structured as a stock sale to be a sale of securities under the securities laws. This was known as the Sale of Business Doctrine. As a result,the penalties and rules that apply to securities sales did not apply to the sale [...]

Advertising and General Solicitations Now Allowed Under Regulation D Offerings

The SEC developed Regulation D to apply to private placement securities offerings and as a result,Regulation D has historically prohibited any form of general solicitation. The term “general solicitation” in this context means advertising,television commercials,seminars,email broadcasts,junk mail solicitation,and other means of getting your message out to a large number [...]

The New JOBS Act —Raising the Mandatory Registration Requirements

In April 2012,Congress passed the Jumpstart Our Business Startups Act (the “JOBS Act” or “Act”). The purpose of the JOBS Act was to reduce the regulatory burdens on businesses in order to allow them to create more jobs. Most of the provisions of the JOBS Act went into effect immediately when the President signed [...]

SEC Applies “Bad Boy” Rules to Regulation D Offerings

Last year the US Securities and Exchange Commission proposed a new rule that would disqualify “bad actors” from using Rule 506 of Regulation D. This is not a new concept,Rule 262 of Regulation A already has a “bad boy” disqualification,and many states also prohibit “bad boys” from using their exemptions. However,[...]