Advertising and corporate communications is a rough area
for compliance when used in capital formation. The rules are restrictive, not
always intuitive, often vague, and in direct opposition to the revenue-hungry
side of the company.
Last week, the House Committee on Oversight and
On July 10, 2013, the Securities and Exchange Commission (the “SEC”) adopted a new rule that implements a part of the JOBS Act. This rule lifts the ban on general solicitation and advertising with respect to certain types of securities offerings. The new rule 506(c) went into effect on Monday...