Proposed SEC Rule Gives More Leeway for Finders

If you are a General Partner of a private equity or venture capital fund that considers using Finders for sourcing deals or fundraising, the latest SEC proposal impacting Finders will be of interest to you. This proposal provides more leeway in how Finders can assist you despite the lack of broker-dealer registration.

On October 7, 2020, the SEC voted to propose an exemptive relief from the broker registration requirements for “Finders” who help issuers raise private capital from accredited investors. Weaver has developed a detailed summary and background of the proposed changes.

Proposed SEC Rules Gives More Leeway for Finders - Download PDF

 

For more information about the proposed changes, contact us.

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