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Greg Kahn and Eliza Sporn Fromberg Discuss "Private Equity Fund Managers' Dilemma" in VC Experts

Publisher: VC Experts
May 23, 2013

Corporate and Business Law attorneys Greg Kahn and Eliza Sporn Fromberg authored an article titled "The Private Equity Fund Managers' Dilemma: Register as Broker-Dealers or (Potentially) Cease Collecting Fees for 'Investment Banking Activities'?" for the May 23 edition of VC Experts. They discuss comments by the chief counsel of the SEC's Division of Trading and Markets, which suggest "that private fund managers' receipt of transaction fees in connection with the purchase, sale or recapitalization of a portfolio company, if accompanied by a securities issuance, may trigger broker-dealer status questions." Greg and Eliza write that the effect could be greatest for "private equity funds, particularly small funds, and independent sponsors" and urge early review of the issues.

The full article can be found here.

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Jeffrey A. Clopeck, Henry Nelson Massey and Eliza Sporn Fromberg wrote the article, "SEC's Dating Advice For Internet Platforms And Its Impact," for Law360. The article analyzes how some internet platforms are offering private placements in reliance on Rule 506(b) of Regulation D with approval from the Securities and Exchange Commission. This form of "speed dating" with prospective investors by Internet platforms offering private placements is allowed so long as the platform asks probing questions.

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Day Pitney Alert

Eliza Fromberg and Kendall Wilson Author Article for The Corporate & Securities Law Advisor
April 30, 2015
Regulation A+ Could Go to the Head of the Class
March 30, 2015
68 Day Pitney Lawyers Named to 2016 Best Lawyers List
August 24, 2015

Stamford, Conn., August 24, 2015 - Day Pitney is pleased to announce that 68 attorneys have been selected for inclusion in the 2016 Best Lawyers in America. Best Lawyers ranks lawyers through peer-review surveys, and has been published annually since 1983.

Chambers USA 2015 Names 51 Day Pitney Attorneys "Leading Lawyers for Business"
May 21, 2015
Greg Kahn Quoted on an Increase in Permanent Capital Vehicles in Law360
May 11, 2015
Eliza Fromberg Featured in the Bankless Times
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Hank Massey Quoted in Commerce Magazine about Best Practices for Family Businesses
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Related Professionals
Greg H. Kahn
Stamford, CT
New York, NY
T: (203) 977 7370
Eliza Fromberg
Eliza Sporn Fromberg
New York, NY
T: (212) 297 5847
New Jersey Hartford Stamford Greenwich New Haven West Hartford Boston
New York Washington, DC Providence Boca Raton Miami West Palm Beach

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