Business Law Section: Regulation of Securities Conference Call

When:  Jun 20, 2019 from 4:00 PM to 4:45 PM (ET)

The Regulation of Securities Committee will hold a conference call meeting on Thursday, June 20, 2019 from 4:00–4:45 pm.  Please use the following conference call dial-in instructions:

Dial in: 1 888 585 9008
Conference Room ID#: 779956677

The principal topic will be the new Michigan securities rules. The effective date for the new rules set generally is July 3, 2019, with the Private Fund Adviser Exemption becoming effective on January 3, 2020.  Attached please see the rules. One issue that we will discuss will be the new “bad actor” disqualification of an issuer’s reliance upon Michigan exemptions from securities registration.  Shane Hansen kindly furnished the attached presentations on this and will lead our discussion. 

Shane will also furnish a few preliminary remarks on the following SEC rule-making activities that occurred earlier this week:  

SEC Adopts Rules and Interpretations to Enhance Protections and Preserve Choice for Retail Investors in Their Relationships With Financial Professionals
06/05/2019 12:20 PM EDT

Statement Regarding the SEC’s Rulemaking Package for Investment Advisers and Broker-Dealers
06/05/2019 09:30 AM EDT

Additional Resources

Michigan Securities Rules
MI LARA MUSA Rules
MUSA MCL 451-2509 Civil Liability
MUSA MCL 551-2008 Part 2--Exemptions from Registration of Securities
MUSA 1964 (Prior to Repeal)


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#DiscussionAttachment

Location

Dial-in Instructions:
Dial in: 1 888 585 9008 Conference Room ID#: 779956677