Subject to certain requirements, private companies can sell shares to friends and family and “accredited investors” without issuing a prospectus or hiring a registered securities dealer. These exemptions have been amended to require that companies take “reasonable steps” to confirm that investors meet the requirements of the exemption. Companies may no longer simply rely on the representations of the investor. In addition, accredited investors must sign a new Risk Acknowledgment Form.
http://beaconlaw.ca/wp-content/uploads/261054.jpg 256 384 Del Elgersma http://beaconlaw.ca/wp-content/uploads/loogo.png Del Elgersma2015-08-11 11:36:012015-08-11 11:38:39Changes to the Friends and Family & Accredited Investor Exemptions