The SEC adopts changes to the rules governing the marketing of sales of securities to sophisticated investors
Pursuant to the mandate set out in the Jumpstart Our Business Startups Act, the U.S. Securities and Exchange Commission (the SEC) has adopted amendments to Rule 506 of Regulation D and Rule 144A, each under the Securities Act of 1933, as amended (the Securities Act). These changes essentially lift the ban on publicly advertising offers of securities and may fundamentally change the way in which small and medium sized companies raise capital.
Pursuant to the mandate set out in the Jumpstart Our Business Startups Act, the U.S. Securities and Exchange Commission (the SEC) has adopted amendments to Rule 506 of Regulation D and Rule 144A, each under the Securities Act of 1933, as amended (the Securities Act). These changes essentially lift the ban on publicly advertising offers of securities and may fundamentally change the way in which small and medium sized companies raise capital.