|SEC Adopts Rules Permitting General Solicitation in Private Offerings Limited to Purchases by Accredited Investors|
Daniel I. DeWolf, Jeremy D. Glaser, Melanie D. Ruthrauff; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
July 24, 2013, previously published on July 22, 2013On July 10, 2013, the Securities and Exchange Commission (the “SEC”) adopted rules that repealed a long-standing ban on the use of general solicitation for private securities offerings. These changes will be effective in approximately 60 days and will allow companies to publicly offer...