William J. Bruno

Partner

Overview

William Bruno is a partner in the Washington, D.C. office of Crowell & Moring, where he is a member of the firm’s Corporate Group. William’s practice focuses on general corporate and securities matters for public and private companies, including mergers and acquisitions, initial and follow-on securities offerings, complex commercial transactions, and corporate governance. William advises clients seeking to grow, collaborate, and secure new capital.

William represents clients across a wide range of industries, including financial services, technology, automotive, education, energy, and health care. As global businesses operate in an increasingly complex regulatory environment, William provides clients with the insight necessary to navigate the disclosure rules and regulations imposed by the U.S. Securities and Exchange Commission, NYSE, Nasdaq, and FINRA.

Prior to joining the firm, William was a senior associate in the corporate group of an international law firm based in that firm’s Washington, D.C., office, where he advised public and private companies on mergers and acquisitions and equity and debt offerings.

Career & Education

|
    • Cornell University, B.A., 2002
    • University of Pennsylvania Law School, J.D., 2010
    • Cornell University, B.A., 2002
    • University of Pennsylvania Law School, J.D., 2010
    • District of Columbia
    • New York
    • Massachusetts
    • Pennsylvania
    • District of Columbia
    • New York
    • Massachusetts
    • Pennsylvania

William's Insights

Client Alert | 3 min read | 03.17.25

SEC Issues No-Action Letter Clarifying Accredited Investor Verification Under Rule 506(c)

The Securities and Exchange Commission (SEC) has issued a no-action letter providing interpretive guidance on the verification of accredited investor status in offerings conducted pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933. Rule 506(c) permits issuers to engage in general solicitation or advertising in private offerings, provided that all purchasers are accredited investors and the issuer takes “reasonable steps” to verify the accredited status of all investors. The no-action letter introduces a streamlined approach, stating that, absent contrary indications known to the issuer, reliance on sufficiently high minimum investment thresholds—coupled with specific written representations from purchasers—may satisfy the verification requirement....

|

William's Insights

Client Alert | 3 min read | 03.17.25

SEC Issues No-Action Letter Clarifying Accredited Investor Verification Under Rule 506(c)

The Securities and Exchange Commission (SEC) has issued a no-action letter providing interpretive guidance on the verification of accredited investor status in offerings conducted pursuant to Rule 506(c) of Regulation D under the Securities Act of 1933. Rule 506(c) permits issuers to engage in general solicitation or advertising in private offerings, provided that all purchasers are accredited investors and the issuer takes “reasonable steps” to verify the accredited status of all investors. The no-action letter introduces a streamlined approach, stating that, absent contrary indications known to the issuer, reliance on sufficiently high minimum investment thresholds—coupled with specific written representations from purchasers—may satisfy the verification requirement....