Richards Kibbe & Orbe LLP partner Scott Budlong presented on general solicitation for counsel in the alternative asset management industry. The presentation, "Advertising and Rule 506(c): Look Before You Leap" discussed key considerations for hedge fund general counsel examining the SEC’s new Rule 506(c). That provision will permit “general solicitation” by issuers making private placements of their securities, including hedge funds selling limited partnership interests.
Mr. Budlong prepared a white paper which provides an in-depth examination of the risks and opportunities afforded by this new rule. This article also appeared in the Bloomberg BRIEF - Financial Regulation on Friday, September 27, 2013.