In The Press October 26, 2020

5 Areas SEC 'Finders' Proposal Needs More Clarity (Law360)

On October 7, the SEC voted 3-2 to propose a conditional exemption, in the form of an exemptive order, to permit natural persons to engage in limited securities activities as finders on behalf of private issuers without registering as brokers under Section 15 of the Securities Exchange Act. However, in its current form, the proposed exemption raises new questions and concerns, including several that Goodwin’s Financial Industry group members Peter LaVigne and Nick Losurdo address. Read the byline in Law360 here.