richie Leisner
Richard M. Leisner

In August 6, 2015, the SEC Division of Corporation Finance issued an interpretive letter to Citizen VC concerning exempt private offerings under Rule 506(b).  In the following guest post, Richard M. Leisner takes a look at the SEC’s new interpretive guidance for these types of exempt offerings and suggests how best practices might evolve for permissible general solicitation activities in future Rule 506(b) private offerings that will not violate the prohibitions of Rule 502(c).  Leisner is a shareholder with the Tampa office of Trenam Law.  The article summarized below is scheduled for publication in Securities Regulation Law Journal, Summer 2016 Edition, a Thomson Reuters Publication. For more information about this publication please visit  This article also is posted on the Trenam Law website Legal Update available here.
Continue Reading Guest Post: General Solicitation Under Rule 506(b) After Citizen VC: Guiding Principles and Best Practices