LexisNexis® Legal Newsroom
More Calls to Relax General Solicitation Rules in Private Offerings

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...

Amending the Ban on General Solicitation and Advertising

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...

JOBS Act SEC Proposed Rules: Solicitation & Advertising for Private Offerings

by Karl J. Ege, Mel Wheaton, Danielle Benderly, and James T. Carroll Excerpt: The SEC recently issued long-awaited proposed rules to remove existing general solicitation and advertising prohibitions for private offerings and sales of securities under Rule 506 and Rule 144A under the Securities...

New Era in Private Capital Raising – Opening Up General Solicitation and General Advertising

by David Carroll The next few years may be the largest watershed event in opening up private equity capital since the 1980s when Regulation D was first published by the Securities and Exchange Commission (“SEC”). By allowing general solicitation and general advertising in private offerings...