Jim Verdonik

Editor’s note: Jim Verdonik is an attorney with Ward and Smith P.A. He also writes a column about business and law for American Business Journals, is a contributor to WRALTechWire, has authored multiple books and teaches an eLearning course for entrepreneurs. He is one of the best-known and most active lawyers dealing with high-tech in the Southeast. RALEIGH, N.C. – There’s been a lot written lately about the SEC’s proposed crowdfunding rules and new Rule 506 (c). But most of the articles don’t address the bottom line issue: Which exemption is best for most companies that are trying to raise capital?...

Editor’s note: Jim Verdonik, one of the best-known and most active lawyers dealing with high-tech in the Southeast, is a member of the Ward and Smith, P.A. firm. RALEIGH, N.C. – For a number of years people involved in various technology based businesses have been waiting for the next venture capital wave. VC waves happen when VCs drink too much and start throwing money at anything that moves. That long awaited binge hasn’t happened, because the VC industry continues to shrink. While a few hearty local VCs continue and have been supplements by accelerators who invest small amounts, a huge...

Editor’s note: As the SEC  continues to implement rules for crowdfunding known as the JOBS Act, a number of concerns are being raised. As WRALTechWire reported last week, the Angel Capital Association attacked rules regarding financial disclosures required of investors. Jim Verdonik, a veteran attorney with Ward and Smith, P.A. in Raleigh, tackled another issue in a column: “The Bad Actor rule.” This column focuses on advertising. It is reprinted with his permission.  RALEIGH, N.C. – In my last article, we discussed how the SEC’s Bad Actor prohibition for Rule 506 private placement offerings was the SEC’s way of endorsing the old...

Editor’s note: As the SEC  continues to implement rules for crowdfunding known as the JOBS Act, a number of concerns are being raised. As WRALTechWire reported this week, the Angel Capital Association attacked rules regarding financial disclosures required of investors. Jim Verdonik, a veteran attorney with Ward and Smith, P.A. in Raleigh, tackled another issue in a column: “The Bad Actor rule.” This column is reprinted with his permission.  RALEIGH, N.C. – On July 10, 2013 the Securities and Exchange Commission expressed faith in the old adage “If you lie down with dogs expect to get fleas” by approving its final Bad...