Angel Knowledge Series
    Best Practices:
    JOBS Act Final Rules by the SEC and Govern Solicitation of Angel/Seed Rounds.

    • Aaron Zibart, Wyatt Tarrant & Combs.
    • Charlie Sidman, ECS Angels.
    • Dianne Trenholm, Taylor English Duma.
    • Ken Kousky, BlueWater Angels.
    • Kiran Lingam, SeedInvest.
    • Larry Gold, Carlton Fields.
    • Mat Delorso, Fundroom.
    • Sam Klepfish, Tri-State Ventures.
    • William De Temple, Maximize Angels/Author.


    1. Overview of the final rule changes so far and their impact on angels and founders raising.
    2. What constitutes General Solicitation (opinions on site content, competitions, demo days, pitching groups, tweets, crowdfunding listings, syndications, etc).
    3. Rule 506(b) grandfathering and 506(c) reasonable steps thoughts/opinions.
    4. 15-day pre-filing requirement of Advance Form D prior to general solicitation under proposed Rule 503.
    5. Closing Form D (not just usual Form D after 1st round close) and amendment if open over a year.
    6. Prefiling of all written material, decks, etc on or before the general solicitation.
    7. Penalties for not filing: barred for 1 year after a late filing & 5 years if no filing.
    8. Two-year filing requirement for advertisements under proposed Rule 510T.
    9. Standard disclosures under proposed Rule 509.
    10. New 506c Safe Harbors (Income, Net Worth or 3rd Party Verification, or Pre-existing Accredited).
    11. Yearly accredited re-verification issues.
    12. Practical options and forward planning/steps given the above.
    13. Timing of Proposed Rules (i.e. won't be in effect on 9/23).
    14. Audience Q&A

    Resources: View Article

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