• "General Solicitation" Now Permitted in Rule 144a Offerings: Are Foreign Private Issuers Free to Talk?
  • October 8, 2013
  • Law Firm: Jones Day - Cleveland Office
  • On July 10, the SEC adopted final rules under Section 201(a) of the Jumpstart Our Business Startups Act (the “JOBS Act”) removing the ban against general solicitation and general advertising in private offerings made in reliance on Rule 144A and Rule 506 of Regulation D under the Securities Act of 1933. The new rules went into effect on September 23.