Eliza Fromberg was quoted in an article, "House Bills Could Make IPOs And Private Offerings Easier," published in Law360. The article discusses two bills recently passed by the U.S. House of Representatives which aim to make initial public offerings easier, while also expanding the population eligible to invest in pre-IPO companies. Fromberg spoke with Law360 about one of those bills, the Fair Investment Opportunity Act. The bill would enable more people to invest in private placements under the SEC's Regulation D exemption by widening the criteria for defining an accredited investor to include licensed and registered brokers, as well as individuals with professional knowledge related to a particular investment. Fromberg told Law360 that including investment professionals as accredited investors makes sense. But she added that deciding whether someone has "professional knowledge" in order to invest in private securities would be more subjective. "I think the 'professional knowledge' prong will be difficult to implement, since it requires correlating a person's experience to a particular investment, which requires a case-by-case determination," Fromberg told Law360. "This type of verification is time-consuming, and FINRA is not well suited to conduct this review."
On June 6, Von Sanborn will serve as the moderator at an Opportunity Zones program presented by the National Association of Corporate Directors (NACD) Connecticut Chapter and held at the Shore & Country Club in Norwalk, CT.
Dan Gottfried spoke on a panel, "The Qualified Business Income Deduction for Real Estate Investors and Professionals," at the 31st Annual Real Property, Trust and Estate (RPTE) National CLE Conference, presented by the American Bar Association and held in Boston, MA.
Day Pitney LLP hosted its annual invitation-only Palm Beach Family Office Forum at the Eau Palm Beach.
Day Pitney Advisory
Day Pitney Alert
Daniel Gottfried, chair of Day Pitney's International Transactions practice was quoted in an article, "Who Can You Trust in the Cryptocurrency Economy?," published by the Robb Report.
Day Pitney Press Release
Day Pitney Press Release
Day Pitney's Family Office and Trusts and Estates practices have been shortlisted in two categories, "Best Private Client Law Firm" and "Best Trusts and Estates Division," for the 2019 Private Asset Management Awards.
Day Pitney's Family Office and Trusts and Estates practices have been shortlisted in the "Legal Team of the Year" private client category for the 2019 Family Wealth Report Awards.