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The Securities Edge Securities Blog for Middle-Market Companies

Monthly Archives: January 2014

Volcker Rule exception for trust preferred securities: A break for banks or a sign of uncertainty?

Posted in Financial Institutions

In a joint press release issued on January 15, 2014, five federal agencies indicated their approval of an interim final rule to permit banking entities to retain interests in collateralized debt obligations backed primarily by trust preferred securities (“TruPS CDOs”).  These interests would have otherwise been prohibited under the new Volcker Rule, which prohibits certain… Continue Reading

SEC provides guidance for new Rule 506 offerings

Posted in Capital Raising

As more and more companies take advantage of the SEC’s recent rule change allowing general solicitation and advertising in private offerings, lots of interpretative questions on how to apply the new rules have arisen.  Over the course of the last couple of months, the Staff at the SEC has provided some guidance on some of… Continue Reading

The SEC gets an A+ with the proposed “Regulation A+” rules

Posted in Capital Raising

One of the most anticipated items from the JOBS Act enacted in April 2012 was the so-called Regulation  A+ –  a new and improved exemption that would allow issuers to raise up to $50 million in a 12-month period through a “mini-registration” process that is similar to that of rarely used Regulation A exemption. On… Continue Reading