Court Of Appeal Reaffirms Lender’s Refusal To Loan To LLC Based On Felonious Investor In Manager
In May, I wrote this post about a decision by the Second District Court of Appeal finding that a lender did not violate California’s Unruh Civil Rights Act when it declined to make a loan to a limited liability company whose managing member included a convicted felon. The Court of Appeal on its own motion granted a rehearing and issued Read more...
A Question That You May Want To Add To Your Investor Suitability Questionnaire
Issuers typically use investor suitability questionnaires to elicit information from potential investors in order to substantiate exemptions under federal and/or state securities laws. For example, issuers will often ask detailed questions about a potential investor’s net worth for purposes of establishing that the investor is an accredited investor (for purposes of Regulation D under the Securities Exchange Act of 1934) Read more...
