Safe Harbor for Permissible Capital-Raising Activities by Unregistered Finders

Harvard Law School Forum on Corporate Governance, the top online resource for discourse on corporate governance, recently published an article authored by Olshan partner Spencer Feldman. The article, “Safe Harbor for Permissible Capital-Raising Activities by Unregistered Finders,” outlines the recently published SEC notice of a proposed exemptive order and request for comment to formalize the regulatory status of unregistered finders who help smaller businesses raise early stage capital. As the SEC has never provided general guidance on finders except interpretive positions taken by the SEC staff in no-action letters, this has been a long-awaited rule proposal.

The article can be viewed in its entirety here.