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Podcast: Syndication Law & The Private Placement Memorandum Attorney
Episode: Regulation D Limitations on Resale: What You & Your Investors Should Know
Description: Tilden Moschetti, a syndication attorney with the Moschetti Law Group, specializes in creating private placement memorandums under Regulation D Rule 506b and Rule 506c for syndicators and businesses trying to raise capital. In this summary, he addresses the common question of limitations on resale within these documents.A private placement memorandum outlines a private offering that is exempted from SEC registration. One stipulation is the implementation of limitations on resale to prevent a secondary market from forming outside SEC regulation. These limitations are outlined under Rule 502d.According to Moschetti, investors cannot purchase securities solely...