In addition to legislative initiatives we've previously discussed, we
continue to see efforts to relax the general solicitation prohibition in
private offerings. For example, the SEC's Advisory
Committee on Small and Emerging Companies recently made a formal recommendation that the SEC take...
There seems to be some momentum for changes to the
Regulation D's prohibition on advertising a private fund offering. The Managed
Funds Association has asked the SEC to start a rulemaking and one of the SEC's
new advisory committees has also recommended a change.
The SEC's new Advisory...