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Law Practice

Nov. 19, 1999

Solicitations Not Complying With Securities Laws Are Flawed

Solicitations Not Complying with Securities Laws Are Flawed By John W. Cones I was horrified recently to witness a prominent entertainment attorney tell an audience of filmmakers that "there are no rules" for equity financing of independent feature films. The U.S. Securities and Exchange Commission and the California Department of Corporations would be shocked to learn that some entertainment attorneys are telling filmmakers that the local film industry is exempt from regulations relating to

        By John W. Cones
        
        I was horrified recently to witness a prominent entertainment attorney tell an audience of filmmakers that "there are no rules" for equity financing of independent feature films. The U.S. Securities and Exchange Commission and the California Department of Corporations would be shocked to learn that some ent...

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