(1) No exemption under this section shall be available for a sale of securities if the issuer any predecessor of the issuer any affiliated issuer any director, executive officer, other officer participating in the offering, general partner or managing member of the issuer any beneficial owner of 20% or more of the issuer's outstanding voting equity securities, calculated on the basis of voting power any promoter connected with the issuer in any capacity at the time of such sale any investment manager of an issuer that is a pooled investment fund any person that has been or will be paid (directly or indirectly) remuneration for solicitation of purchasers in connection with such sale of securities any general partner or managing member of any such investment manager or solicitor or any director, executive officer or other officer participating in the offering of any such investment manager or solicitor or general partner or managing member of such investment manager or solicitor:īILL SINGER is a lawyer who represents securities-industry firms, individual registered persons, Wall Street whistleblowers, and defrauded public investors.

Bad boys bad boys what you gonna do