Keep Securities Reform Moving: Eliminate the SEC's Integration Doctrine

Cohn, Stuart R.

doi:10.2139/ssrn.2535410

Download This Paper

Open PDF in Browser

Add Paper to My Library

Keep Securities Reform Moving: Eliminate the SEC's Integration Doctrine

44 Hofstra L. Rev. 3 (2015)

University of Florida Levin College of Law Research Paper No. 16-1

39 Pages Posted: 9 Dec 2014 Last revised: 16 Jan 2016

See all articles by Stuart R. Cohn

Stuart R. Cohn

University of Florida Levin College of Law

Date Written: December 8, 2014

Abstract

Small and developing companies raising capital under the federal securities laws often face the considerable barrier imposed by the SEC's integration doctrine. Despite recent reforms in registration exemptions the integration doctrine has remained untouched and continues to be a significant problem for many companies needing multiple infusions of capital. This article examines and recommends that the integration doctrine be eliminated nearly in its entirety.

Suggested Citation: Suggested Citation

Cohn, Stuart R., Keep Securities Reform Moving: Eliminate the SEC's Integration Doctrine (December 8, 2014). 44 Hofstra L. Rev. 3 (2015), University of Florida Levin College of Law Research Paper No. 16-1, Available at SSRN: https://ssrn.com/abstract=2535410 or http://dx.doi.org/10.2139/ssrn.2535410