The SEC has updated the net worth threshold for “qualified clients” from $2.0 million to $2.1 million, effective August 15, 2016.
Section 205 of the Investment Advisers Act of 1940, as amended (the “Advisers Act”) generally prohibits a registered
The Venture Alley
A blog about business and legal issues important to entrepreneurs, startups, venture capitalists and angel investors.
The Venture Alley, published by DLA Piper, focuses on legal issues related to venture capital and private fund management. It covers topics such as regulatory compliance for venture capital funds, tax implications for fund investors, SEC rulemaking affecting private fund advisers, and structuring considerations for venture capital funds under securities laws. The blog also addresses practical matters like management rights letters, secondary market transactions, and anti-money laundering regulations impacting investment advisers. It provides analysis of court decisions, regulatory proposals, and legislative developments relevant to venture capital fund managers, investors, and legal practitioners in the private funds space.
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SEC Sanctions Private Equity Fund Adviser For Acting As An Unregistered Broker
By DLA Piper
From our colleagues Edward J. Johnsen, Wesley G. Nissen, David A. Goldstein, Jay Coogan and Robert B. Weiss
The Securities and Exchange Commission has announced that a private equity fund advisory firm and its owner have agreed…
Employee and Other Proprietary Information & Invention Assignment Agreements – Update for New Trade Secret Law
By DLA Piper
On May 11, President Barack Obama today signed the Defend Trade Secrets Act (DTSA) into law. The law is effective immediately. The DTSA provides a federal claim for misappropriation of trade secrets. Until now, trade secrets have been protected only at…
Seattle Office Real Estate Market Review for Q1 2016
By Trent Dykes
Compliments of Jason Smith of Kidder Mathews, attached is a Seattle-area office real estate market review for Q1 2016. Here is a short summary:
- General leasing activity improved significantly outside of the Seattle and Bellevue central business districts (CBDs), which
…
EUROPEAN GENERAL DATA PROTECTION REGULATION ADOPTED – ARE YOU READY?
By DLA Piper
Today, April 14, 2016, the EU Parliament adopted the long awaited General Data Protection Regulation (GDPR). The Regulation will have a considerable impact on all organizations based in the European Union that process personal data, but also on organizations based…
Commercial use of drones: what is allowed? What is not? FAA, Congress and the states are weighing in
By DLA Piper
Article prepared by and republished courtesy of our colleague Matthew Grosack; originally published here: https://www.dlapiper.com/en/us/insights/publications/2016/03/commercial-use-of-drones/.
The varying commercial applications of unmanned aerial systems (UAS) – more commonly referred to as drones – across multiple industries poses a number of…
Marketing Technology Landscape Infographic
By Trent Dykes
I thought this martech infographic from chiefmartec.com and the 2016 MarTech USA conference was interesting. As you will see, their post also includes infographics of their view of the martech landscape evolution from 2011 to 2015.
Angel Investment Trends: FY 2015 Halo Report
By Trent Dykes
The 2015 Annual Halo Report has been released by The Angel Resource Institute at Willamette University (ARI) and PitchBook. The Halo Report analyzes angel group investment activity and trends in the United States. Here are a couple interesting FY…
Data Breach Incidents – 16 DOs and DON’Ts
Data breaches are expensive. They cost an average of $5.4 million each to US companies in 2011 for mitigation and remediation alone, while also causing significant harm to brand and reputation. The first 24 hours after you discover a breach are…
The Hot List: 2016 Proxy Season Trends and Action Items
By DLA Piper
Article prepared by and republished courtesy of our colleagues Sanjay M. Shirodkar and David P. Lewis; originally published here: https://www.dlapiper.com/en/us/insights/publications/2016/01/the-hot-list-2016-proxy-season-trends
As we enter 2016, we want to bring your attention to a few items that we believe will play…