Tag Archives: general solicitation

SEC Lifts Ban on General Solicitation

Today, the SEC voted 4 to 1 in favor of implementing section 201(a) of the JOBS Act which lifts the ban on general solicitation, permitting startups, venture capitalists and hedge funds to openly advertise that they are raising money.  This … Continue reading

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SEC Sets July 10 Hearing for General Solicitation Rules Under JOBS Act

The SEC seems to making an attempt to move forward with the rules under the Jumpstart Our Business Startups Act. (JOBS Act). The SEC announced that in an Open Meeting scheduled for tomorrow, July 10, they will consider: whether to … Continue reading

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General Solicitation, Where Are You?

The Jumpstart our Business Startups Act (JOBS Act) was signed into law on April 5, 2012 and was to (among other things) allow businesses to generally solicit investors for certain securities offerings as well as create guidelines for crowdfunding.  The Jobs Act  required the SEC … Continue reading

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FINRA’s Crowdfunding Portal Form

Are you anxiously awaiting the Crowdfunding final rules? Are you considering operating as a Crowdfunding Portal? If so, you should consider filling out and submitting this form: InterimFormforFundingPortals(1) To help FINRA develop rules that accurately  reflect the funding portal community, … Continue reading

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Mary Schapiro to Leave SEC

Today, the SEC issued this release announcing that Chairman Mary Schapiro will be leaving the SEC in December. After 4 years, she is one of the longest serving Chairmen and in the past two years brought a record number of … Continue reading

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Can I Generally Solicit Investors?

Not yet! As you know, on August 29, 2012, the SEC proposed rules to eliminate the ban on general solicitation in certain securities offerings. Since then the SEC has been receiving comments and suggestions on its proposed rules; you can … Continue reading

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Rule 506 and General Solicitation

On August 31, 2012 the SEC issued proposed rules that would eliminate the prohibition against general solicitation and advertising in Rule 506 offerings.  The SEC has requested comments on the proposed rules within 30 days.  You may provide your comments … Continue reading

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JOBS Act and General Solicitation of 506 Offerings

The JOBS Act (the “Act”), signed into law on April 5, 2012, promises to have a significant impact on the sales of securities under federal securities laws.  Currently, any issuer intending to rely on the Rule 506 exemption in an … Continue reading

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