General Solicitation of Private Funds - It Has Finally Arrived

July 2013

 

Earlier this month, the Securities and Exchange Commission ("SEC") adopted the long
awaited amendments to Rule 506 of Regulation D and Rule 144A of the Securities Act of
1933 ("Securities Act") that carry out the mandates of Section 201(a) of the Jumpstart Our
Business Startups Act ("JOBS Act"), allowing issuers of private offerings to engage in
certain general solicitation and advertising activities ("General Solicitation Rule").1

 

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