Law Blog Tag: Section 4(a)(2)

State Blue Sky Concerns; Florida and New York

Understanding The NSMIA And Navigating State Blue Sky Laws- Part II

Private Offering Rule Changes Since JOBS Act

SEC Extends Valuable Guidance to Determine and Verify Accredited Investors

Concurrent Public and Private Offerings

Proposed Rules Eliminating the Prohibition Against General Solicitation and Advertising in Rules 506 and 144A Offerings – Part I

As required by Title II of the JOBS Act, the SEC has published proposed rules eliminating the prohibition against general solicitation and advertising in Rules 506 and 144A offerings. In a move that is widely supported by legal practitioners, including the Federal Regulation of Securities Committee of the Business Law Section of the American Bar Association, the SEC has proposed simple modifications to Regulation D and Rule 144A mirroring the JOBS Act requirement. In fact, in the rule release the SEC states that it is “proposing only those rule and form amendments that are, in our view, necessary to implement the mandate” in the JOBS Act. The entire text of the rule release is available on the SEC website.