Market regulation · 24/07/2013

SEC Adopts Amendments to Disqualify Felons and Other 'Bad Actors' From Rule 506 Offerings

The Securities and Exchange Commission (SEC) is implementing Section 926 of the Dodd-Frank Wall Street Reform and Consumer Protection Act by adopting amendments to its rules, which will disqualify certain securities offerings involving felons and other 'bad actors' from relying on Rule 506 of Regulation D.