Join Phillip Neiman, JAMS Mediator and Arbitrator, as he moderates a panel discussion on raising capital in the cannabis industry with unregistered broker-dealers The legal status of finders is murky and they operate in a regulatory gray area. Companies that retain finders face potentially serious consequences for doing so, and finders face significant risks if they are deemed unregistered securities brokers. Cannabis-related businesses that engage finders, and unregistered intermediaries who source capital for those businesses, face additional risk because of federal prohibition.
This program will cover a range of topics that are important for companies and finders in the cannabis sector and their counsel, including : the federal regulatory scheme for broker-dealers; the current legal status of finders as developed through SEC staff no-action letters, enforcement proceedings, and court decisions; the myriad risks associated with using and being an unlicensed intermediary; finder related issues unique to the cannabis sector; and the SEC’s recent proposal to create a safe harbor exemption for finders.
This program is presented by the Los Angels County Bar Association, Sacramento County Bar Association and California Cannabis Industry Association.
This program will cover a range of topics that are important for companies and finders in the cannabis sector and their counsel, including : the federal regulatory scheme for broker-dealers; the current legal status of finders as developed through SEC staff no-action letters, enforcement proceedings, and court decisions; the myriad risks associated with using and being an unlicensed intermediary; finder related issues unique to the cannabis sector; and the SEC’s recent proposal to create a safe harbor exemption for finders.
This program is presented by the Los Angels County Bar Association, Sacramento County Bar Association and California Cannabis Industry Association.
Featured JAMS Speakers
Phillip Neiman, Esq., FCIArb