Market regulation · 24/07/2013

SEC Adopts Rule Changes to Allow General Solicitation in Rule 506 Offerings

The Securities and Exchange Commission (SEC) has adopted amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933, allowing issuers to engage in general solicitation or advertising in offering and selling securities to accredited investors, while also revising Form D to require issuers to disclose their reliance on this provision.