Welcome to the SecondMarket Legal Learning Center. Our goal in providing the following documents is to provide a centralized database for information on the legal and regulatory issues surrounding private companies.
SecondMarket has compiled the materials in this learning center to help attorneys working with, or for, private companies stay current with legal and regulatory developments in the private company space. These materials are intended to generate discussion about relevant legal issues and to assist private company attorneys and executives in navigating the legal and regulatory issues that arise in the context of secondary trading.
If you have any questions or would like to suggest additional items to add to the Learning Center, please feel free to email us at firstname.lastname@example.org.
Through this blog, we will provide updates and insights into the legal and regulatory developments that impact the private issuer space across a wide range of topics.
SecondMarket has developed an online accreditation verification platform (AVP) to provide issuers with a simple, cost effective solution to reasonably verify the accreditation status of potential investors. SecondMarket is closely monitoring SEC rulemaking and will adapt the AVP model as required once final rules are adopted.
SecondMarket has asked a number of leading law firms to prepare memoranda discussing topics relevant to secondary trading. The law firm memos provided in this section have been prepared at SecondMarket’s request and for SecondMarket’s own purposes, and are not intended to be relied upon by any third-parties or SecondMarket clients.
SecondMarket has curated a collection of articles relevant to attorneys working with private companies.
The regulatory landscape for private company trading is constantly evolving. On April 5, 2012 President Obama signed the Jumpstart Our Business Startups (JOBS) Act into law. This legislation marks a significant shift in the private capital formation process and eases the regulatory burdens on smaller companies. SecondMarket has compiled a suite of resources to help attorneys and market participants stay informed about proposed rulemaking and other developments in the implementation process. In this section, explore various areas of regulatory development and hear what regulators and law firms are saying about the impact of these new legislative initiatives.
The following samples are being provided for informational purposes only. Please confer with your own counsel before adopting the forms provided.
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