Glaser Weil Partner Marc Indeglia was interviewed by Bloomberg Law for a piece titled “Finance Firms Wary of Being Swept Up in Creeping SEC Dealer Rule” regarding the federal agency’s proposal to broaden its definition of “securities dealers,” which would increase regulation and agency oversight for several classes of financial firms not previously considered dealers.
Indeglia notes how far-reaching the impact of this expansive definition would be to so many investors, such as hedge funds and venture capital funds, that already manage their own specialized regulations. He commented, “The type of language that is coming out of the Commission in its briefing in these various cases is so expansive that it would be one of the largest nets one might cast with respect to this industry.”
Indeglia serves as the President of the Small Public Company Coalition, a federal advocacy coalition that represents the small public company community and comprises small businesses, investment firms, and other participants in the middle, small, and microcap markets through government relations, lobbying, and public education initiatives. His practice focuses on securities, financings, mergers and acquisitions, and general corporate representation of public and private companies and financial institutions such as broker-dealers, investment banks, venture capitalists, private investment funds, and family offices.
To read the full article, click here.