US SEC lifts ban on general solicitation for certain private offerings

Download document:

SEC lifts ban on general solicitation for certain private offerings - .PDF file.

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.