A recent Colorado case emphasizes the risks of using unregistered and unlicensed “finders” to sell securities in private placements. A “finder” is a person who is not registered with the Securities Exchange Commission or any other regulatory authority, but who nevertheless assists in the sale of securities. Use of “finders” to sell securities in a private [...]
Archive for June, 2009
No Free Lunch – Colorado Case Points Out Dangers of Using “Finders” in Private Placements
Posted in Securities, tagged broker-dealer, exemption, finder, finder's fee, private placement on June 21, 2009 | 2 Comments »
Governor Ritter Signs Changes to Colorado Partnership Acts
Posted in Uncategorized, tagged Colorado Partnership Act, general partner, limited partner, non-economic partner, partnership, profits interest on June 7, 2009 | Leave a Comment »
On May 14, 2009 Governor Ritter signed changes to the Colorado General and Limited Partnership Acts allowing for ”partners” in Colorado partnerships who do not have an economic interest or investment . House Bill 1248 added language to both the Colorado Limited Partnership Act and the Colorado General Partnership Act expressly authorizing the admittance of partners who do not make an investment, [...]
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