US SEC lifts ban on general solicitation for certain private offerings
On 10 July 2013, the SEC adopted a final rule lifting the ban on general solicitation and advertising for certain private offerings of securities. The SEC also proposed a new rule that would require issuers of securities in these offerings to provide additional information to the SEC.
Lastly, the SEC adopted a final rule that would disqualify felons and other ‘bad actors’ from relying on Rule 506 for private offerings…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.
News from DLA Piper
News from The Lawyer
Briefings from DLA Piper
‘Company Doe’ wins challenge but loses anonymity — ruling makes it tougher to confront erroneous online claims
A new decision by the Fourth Circuit Court of Appeal will require the lower court to unseal court documents.
The amendment has not yet been extended by ministerial decree to all companies falling within the scope of the Syntec agreement.
Analysis from The Lawyer
A new breed of lawyer is smoothing the path for companies entering emerging or unstable jurisdictions
The fragile refinance market is back in rude health and US-style alternative lenders are stepping up with innovative structures to sustain the recovery