A recent article in Massachusetts Lawyers Weekly flagged a new Supreme Judicial Court case that suggested, upon first impression, a material change in the laws that prohibit persons, unregistered as brokers, from raising investments for businesses.

This putative result is a misreading of the close holding in the case NTV Management, Inc. v. Lightship Global Ventures, LLC.  For this reason, the case needs to be parsed. More interesting than understanding what the case actually holds, however, is the belief that it was also wrongly decided.

To read the full text of this article by Duane Morris partner Stephen M. Honig, please visit the New England In-House website.