As a younger lawyer I was regularly working on securities offerings. For the bulk of the offerings they were private placements to accredited investors under SEC Rule 506(b), which involved filing a Form D and state notice filings. In most states it was pretty straightforward. New York, however, was not straightforward then, and still remains a mystery to many people. Over the years I searched for a book that covered the basics of New York’s Martin Act (the law covering securities offerings in the State), but never found exactly what I was looking for. I kept working on deals and writing posts for this blog (in addition to memos and white papers, etc.), and over time I compiled a decent amount of information and knowledge of the subject and decided to put it all into one place. Next thing you know I had the beginnings of a book. Link to see it on Amazon here.
Now I don’t profess to being a specialist in the field of securities, as there are many complexities and rabbit holes to go down if you get outside the more “vanilla” type offerings. Startups, emerging companies and even investment funds, however, generally are raising money through private placements under SEC Rule 506(b). This book gives the basics and is, like its titled, a primer. I tried to walk a fine line to allow it to be read by non-lawyers, with enough citations to assist legal practitioners.
Admittedly, this book is a niche product. The prospective audience is those whose companies are looking to raise money, or individuals otherwise involved in some aspect of companies raising money. I hope it can be helpful to such individuals, including younger attorneys just getting started in the field.
In any event, the book is for sale in paperback and e-book on Amazon. I personally feel the paperback is easier to read and to flip back and forth to things, and to view the exhibits and addenda, which should be consulted. I have a number of copies of the book, and if any friends and colleagues of mine (which I knew prior to this post) would like a free copy , feel free to reach out. Thanks for the support.