Tagged: general solicitation

July 10, 2013 @ 4:17 pm By JD Alois  |  

The SEC has issued a formal release regarding the approval of the removal of the ban on general solicitation, or advertisting, for private securities offerings.  Simulataneously the SEC commented on the rules regarding “Bad Actors”.  Rules become effective 60 days following publication in the Federal… Read More

July 10, 2013 @ 11:16 am By Charles Luzar  |  

The SEC commissioners have voted to issue the adopting release lifting the ban on general solicitation for private placements by a vote of 4-1. The SEC will move to create a new class of offering, called a 506(c) offering, which allows general solicitation (advertising) while… Read More

July 3, 2013 @ 5:08 pm By JD Alois  |  

SEC Meeting on Wednesday, July 10th at 10AM  Will Address General Solicitation. The SEC has moved a step closer in finalizing the regulations regarding the implementation of the Jobs Act. Recently there was a meeting held with Mary Jo White which involved crowdfunding industry leaders… Read More

May 14, 2013 @ 9:55 am By Charles Luzar  |  

Yesterday a group of GOP lawmakers including Representative Patrick McHenry sent a letter to newly minted SEC chairman Mary Jo White. The letter urges timely implementation of Section 201 of the JOBS Act, which calls for the removal of the ban on general solicitation for… Read More

April 29, 2013 @ 9:39 am By Charles Luzar  |  

Bloomberg is reporting that newly minted SEC Chairman Mary Jo White is pushing to lift the ban on general solicitation. From the article… White, who became SEC chairman on April 10, has suggested the commission pass the existing plan without major changes and add additional protections later,… Read More

April 18, 2013 @ 7:54 am By Charles Luzar  |  

I look forward to talking tomorrow. I have 2 worries – one is that if these guys (CFA, et al) feel this strongly, it seems like we should give them a comment period. Its not really asking for much… The other is that I don’t want… Read More

March 28, 2013 @ 8:24 am By Charles Luzar  |  

As we approach the dawn of equity crowdfunding in the US, one of the challenges portals will eventually face has to do with educating their entrepreneurs about how to stay on the right side of the SEC. Specifically, I want to talk about the difference… Read More

December 31, 2012 @ 10:47 am By Rodney Loo, PandoDaily  |  

What if startup businesses were allowed to place advertisements on television or radio asking for investors? For a long time it was assumed by many in the financial industry that if companies pursued these tactics, they would potentially subject themselves, and their possible investors, to… Read More