SEC Amends 506(c) Accredited Investor Verification
One of the recent SEC amendments updated the accredited investor verification requirements under Rule 506(c), which is a common federal exemption utilized by startups to broadly solicit capital from accredited investors.
SEC Amendments Positively Impact Capital Formation For Emerging Companies
On November 2, 2020, the Securities and Exchange Commission (SEC) voted to amend the existing regulations and those rules went into effect on March 15, 2021. The SEC amendments change the landscape for small businesses and entrepreneurs seeking to raise capital through exempt offerings.
The Critical Role that Accelerators Play in Venture Financing
Seed capital provided by accelerators must be provided to startups with great care. Here are three ways accelerators can avoid causing long-lasting negative ramifications for startups.
Texas DFS Bill – H.B. 393
H.B. 393 seeks to legalize fantasy sports contests by amending the Texas Penal Code’s definition of “bet” to exclude prizes or awards won in a fantasy sports contest. The language is mostly consistent carve-out language but there are two key additions which could have a material effect on contests currently being offered in the state.
Texas Sports Betting Bill – H.B. 1121
A recent bill authorized by Representative Harold Dutton of Houston on January 12, 2021 seeks to legalize sports betting in Texas. The bill aims to allow authorized permit holders to offer sports betting through their designated electronic platforms.
Texas Amendment Would Open Door For Commercial Casinos
On February 8, 2021, San Antonio Democratic Senator Roland Gutierrez filed Senate Joint Resolution 36 (SJR 36 or hereafter, the “Amendment”) in an effort to amend the Texas Constitution and thus pave the way for commercial casinos in Texas. If […]
College Athlete Advocacy Lawyers
At Vela Wood, we pride ourselves on passionately representing the interests of prospective and current college athletes nationwide.
Head Coach Monitoring: Understanding NCAA Requirements and Proactively Protecting Your Interests
While many head coaches believe their head coach monitoring responsibilities are being met, numerous infractions involving high-profile coaches indicate a disconnect between the expectations of the NCAA enforcement staff and NCAA Division I infractions hearing bodies, and current practices head coaches believe to be sufficient.