"Advertising thaw creates new options for raising capital"
October 2, 2013
Hartford Business Journal
Murtha Cullina attorney Edward Whittemore comments on SEC Form D requirements in a Hartford Business Journal article.
Connecticut residents shouldn't be surprised if they start seeing TV commercials or billboards promoting investment opportunities.
A recent change in federal law — implemented last week by the U.S. Securities and Exchange Commission — is loosening restrictions on how companies can seek out fresh capital.
For decades, firms trying to raise money without disclosing detailed information to the public have tapped a broker or other personal connections to find wealthy accredited investors (individuals with a minimum net worth of $1 million or who earned $200,000 a year for the past two years).
Click here to read the full article by Hartford Business Journal reporter Matt Pilon….