SEC Rule Proposal Governing Good Faith Determinations of Fair Value
im-report Debbie A. Klis · May 16, 2020
Recently, the Securities and Exchange Commission (“SEC”) proposed a new regulatory framework under Rule 2a-5 of the Investment Company Act of 1940, as amended (the “40 Act”) to shed light on the role of the board of directors of a registered investment company or business development company (“Boards”) with respect to fund valuation. Historically, Boards…
Rimon Law welcomes Corporate and Financial Services attorney Debbie Klis as Partner in its Washington, DC office
news Debbie A. Klis · May 13, 2020
Rimon Law welcomes Debbie Klis as Partner on its Corporate and Financial Services teams based out of the Washington, DC Office. Ms. Klis joins Rimon from Polsinelli in Washington, DC where she was shareholder. Ms. Klis brings extensive experience to Rimon in forming and advising private equity firms, investment funds and other financial sector participants in a wide range of capital markets and…
Not a Moment Too Soon: SEC Proposals to Ease Capital Raising Rules
im-report Debbie A. Klis · May 12, 2020
On March 4, 2020, the Securities and Exchange Commission (“SEC”) issued proposed amendments (the “Proposals”) in Release No. 33-10763, “Facilitating Capital Formation and Expanding Investment Opportunities by Improving Access to Capital in Private Markets ” (the “Release”) affecting certain exempt offering rules to reduce impediments to fundraising under the Securities and Exchange Act of 1933 (“Securities…