• SEC Allows Public Advertising of Private Securities Offerings
  • July 22, 2013
  • Law Firm: Venable LLP - Washington Office
  • In a previous client alert we discussed rules proposed in August 2012 by the Securities and Exchange Commission (“Commission”) to allow for general solicitation, or public advertising, in private securities offerings conducted pursuant to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933. On July 10, 2013, the Commission adopted final rules to eliminate the ban on general solicitation in offerings pursuant to Rules 506 and 144A. In addition, the Commission adopted final rules to prohibit certain “bad actors” from participating in Rule 506 offerings and proposed rules that would impose additional requirements on issuers conducting Rule 506 offerings.