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Nasir Pasha

About

Nasir N. Pasha is the managing attorney of Pasha Law, providing essential legal services and support to businesses and corporations in California, Illinois, New York, and Texas. He oversees all of the firm’s operations and is a pivotal force in maintaining client relationships and ensuring that each transaction is brought to its best possible conclusion.

Many of you may be interested to learn of the new proposed change to Rule 506 to go into effect in a month or so. This new rule  eliminates the prohibition on general solicitation and general advertising in certain offerings. This is pretty good news for start ups and other fund seekers.

I thought I'd share some of the reactions from my colleagues in the business. Some thought this was a move to create efficiency in the market and a safe move since fund raisers will still have to target their solicitations to accredited investors. I've also heard that the new rule just ensures that offerors don't get nailed on a technicality if they happen to solicit a non-accredited investor–which has always been a big scare in these raises. On a positive outlook, some say this will result in a boom on real estate syndication and angel fund raisers. From a regulatory approach, some are concerned about the conflicts this rule may create with state's blue sky laws. A more pessimistic thought suggests more less sophisticated investors creating business relationships will create more business divorces.

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Legally Sound | Smart Business
A podcast covering business in the news with a legal twist by Pasha Law PC
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Legally Sound | Smart Business covers the top business stories with a legal twist. Hosted by attorneys Nasir N. Pasha and Matt Staub of Pasha Law, Legally Sound | Smart Business is a podcast geared towards small business owners.

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