SEC Lifts Ban on General Solicitation and Proposes New Rules for Private Offerings
As required by the JOBS Act, at long last the Securities and Exchange Commission has adopted its greatly anticipated rules lifting the ban on general solicitation and advertising in certain private securities offerings under Rules 506 and 144A. By allowing companies direct access to a pool of potential investors, these rules represent perhaps the most significant change to federal securities laws in recent history. For more information about what these rules are and how they may affect your business, as well as additional related rules the SEC has adopted and proposed, please see our new advisory, "SEC Lifts Ban on General Solicitation and Proposes New Rules for Private Offerings."
View Client Advisory (PDF)