SEC Approves JOBS Act Requirement to Lift General Solicitation Ban

By July 20, 2013Articles

From The Securities and Exchange Commission

secThe Securities and Exchange Commission adopted a new rule to implement a JOBS Act requirement to lift the ban on general solicitation or general advertising for certain private securities offerings.

In connection with this new rule, the Commission voted to issue a rule proposal requiring issuers to provide additional information about these securities offerings to better enable the SEC to monitor the market with that ban now lifted. The proposal also provides for additional safeguards as this market changes and new practices develop.

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