Securities Law
Part-Time General Counsel
Corporate Law

Mr. Lawrence has 20+ years of experience with large and small law firms and as an in-house general counsel for two different companies.  He focuses his practice in the areas of securities, representing individuals and companies in compliance with the registration and reporting provisions of state and federal securities laws, representing buyers and sellers in mergers and acquisition transactions and in general corporate matters...


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Utah Securities Attorney Richard J. Lawrence

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The Securities Attorney - Law Firm

What’s New

From time to time Mr. Lawrence will provide updates on legal matters that will have an impact on clients. The material provide should not be construed as legal advice or a legal opinion on any specific facts or circumstances. These updates are not intended to create, and do not constitute a lawyer-client relationship. The content is intended for general informational purposes only, and you are urged to contact Mr. Lawrence concerning your own situation and any specific legal questions you may have.

Change in Definition to “Accredited Investor”

On July 21, 2010, President Obama signed the Dodd-Frank Wall Street Reform and Consumer Protection Act, enacting the largest initiative in scope since the New Deal. Prior to the enactment of the Dodd-Frank law, the definition of an “accredited investor” under Rule 215 of the Securities Act of 1933 and Rule 501 of Regulation D included a natural person with a net worth of at least $1 million, either individually or jointly with the investor’s spouse, and the value of such investor’s primary residence was included in the calculation of his or her net worth for purposes of determining “accredited investor” status.

Section 413(a) of the act amends the definition of “accredited investor” to exclude the value of an investor’s primary residence from the $1 million net worth calculation. In addition, The Securities and Exchange Commission is authorized to further revise the definition of “accredited investor”. Four years after the enactment date, the SEC must change the definition to increase the net worth threshold amount to an amount greater than $1 million.

If you have a question about federal or Utah securities law or Utah Business Law, contact Mr. Lawrence.