Attorney honored for his many accomplishments
Updated Jan 10, 2021;
Posted Jan 10, 2021
Attorney Thomas J. Hall, partner in the Law Firm of Hall & Hall LLP, Stapleton, is being honored with a Louis R. Miller Leadership Award. (Photo courtesy of the Staten Island Chamber of Commerce/Dom Provenzano)
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By Michael Anderson | Staten Island Chamber of Commerce
STATEN ISLAND, N.Y. Thomas J. Hall readily admits that he didn’t have dreams of growing up and becoming a lawyer.
“When I went to Georgetown undergrad, I started in the business school. However, during my junior year, I took a Constitutional Law course, which I loved,” recalled Hall. “I went on to attend Vermont Law School, found my passion, and never looked back.”
Eliminates Certain Form 99 Filings with the Investor
Protection Bureau of the Department of Law
Background
Regulation D under the U.S. Securities Act of 1933, as amended
(the 1933 Act ), permits the sale of securities by
issuers of those securities without registration under the 1933
Act.
1 An issuer claiming an exemption under
Regulation D must electronically file Form D with the U.S.
Securities and Exchange Commission (the SEC), thereby notifying the
SEC of the Regulation D offering, no later than 15 calendar days
after the first sale of securities in the offering.
2
Under Section 18 of the 1933 Act
3, any private
placement made in accordance with Rule 506 of Regulation D will
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On December 1, the New York attorney general issued guidance that issuers selling covered securities must provide notice through the Electronic Filing Depository (EFD) of the North American Association of Securities Administrators. The guidance eliminates the need to file a pre-closing Form 99, effectively settling disagreement among practitioners as to whether New York ever had the right to require issuers of securities in Rule 506 private placements to comply with the state’s longstanding Form 99 filing requirement, in light of the blue sky preemption provisions of the National Securities Markets Improvement Act of 1996 (NSMIA).