*****************************   On August 6, 2015, without fanfare, the SEC Division of Corporation Finance issued an interpretative letter to Citizen VC[1] and posted several updates to the Division’s Compliance and Disclosure Interpretations (the “Companion C&DIs”[2]), all concerning the nuts and bolts of exempt private offerings, principally under Rule 506(b).[3]  The first wave of professional commentary was uniformly positive, applauding the SEC… [read post]