Recent moves by the SEC to re-interpret Rule 415 of the Securities Act and to amend Regulation SHO's market making and close-out provisions will directly impact the PIPE market. Attend this webinar to find out what you can do to protect yourself and your clients.

The SEC's stealth revisions to Rule 415 has confused and alarmed the PIPE market by raising the suggestion that large private placements relative to a company’s float constitute primary offerings. Recent actions have imposed new limitations on PIPE financing by micro cap companies that threaten to cut off their access to capital. Our panel of private placement securities attorneys will discuss the likely impact on micro cap issuance, reverse merger financing, and SB-2 issues, and offer their ideas on alternative finance structures.

At the same time, a formal proposal by the agency to amend the two-year old Regulation SHO to eliminate settlement failure grandfathering and market making exemptions, and require hard borrowing of securities for short sales could make it even tougher for PIPE investors to hedge their portfolio risks. Find out where the SEC is headed on short-sale reform, and what you can do to prepare for it.

Click here to register, or call (516) 876-8006.