SEC CITES PROFESSOR SAMANTHA PRINCE’S COMMENT LETTER IN ITS PROPOSED RULE
March 2020 — The U.S. Securities and Exchange Commission issued a proposed rule entitled, “Facilitating Capital Formation and Expanding Investment Opportunities by Improving Access to Capital in Private Markets.” The SEC’s proposed rule cited a September 25, 2019 comment letter jointly prepared by Professor Samantha Prince, 3L Penn State Dickinson Law student Sarah Zomaya, and Pepperdine Law Professor Robert Anderson and a recent Pepperdine Law graduate, John Neil Conkle.
Professor Prince’s comment letter responded to a request from the SEC for comments on “possible ways to simplify, harmonize, and improve the exempt offering framework to promote capital formation and expand investment opportunities while maintaining investor protections.” The SEC’s proposed rule cited the Prince et al Comment Letter when highlighting “issuers’ justifiable fear of exposing themselves to the risk of liability if required to provide specific information to purchasers, and . . . the substantial professional service fees related to providing information disclosures,” as reasons for the lack of non-accredited investor participation in offerings.
Professor Samantha Prince is an Associate Professor of Lawyering Skills and Entrepreneurship at Penn State Dickinson Law, which is one of two fully-accredited Penn State law schools. Professor Prince is an expert in entrepreneurship law. She established the Penn State Dickinson Law entrepreneurship program, is an advisor for the Entrepreneurship Law Certificate that is available to students, and is the founder and moderator of the Inside Entrepreneurship Law blog.
Professor Samantha Prince is an Associate Professor of Lawyering Skills and Entrepreneurship at Penn State Dickinson Law. She has a Master of Laws in Taxation from Georgetown University Law Center, and was a partner in a regional law firm where she handled transactional matters that ranged from an initial public offering to regular representation of a publicly-traded company. Most of her clients were small to medium sized businesses and entrepreneurs, including start-ups. An expert in entrepreneurship law, she established the Penn State Dickinson Law entrepreneurship program, is an advisor for the Entrepreneurship Law Certificate that is available to students, and is the founder and moderator of the Inside Entrepreneurship Law blog.