Rule 506 offerings are most commonly used by startups for their seed and angel rounds of financing because these offerings are exempt from the securities laws. Hedge funds and venture captialists also take advantage of this rule. In this article, Alex Davie explores the impact of a recent rule by the SEC to impose increased due diligence requirements for these offerings.
- Summary by FizzLaw Team
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Is due diligence going to get a whole lot more complicated for angel financings and fund offerings?