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The final rules for eliminating the prohibition against general solicitation and general advertising in Rule 506 and Rule 144A offerings will become effective on September 23, 2013, which is 60 days after the July 24, 2013 date they were published in the Federal Register.
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The final rules for eliminating the prohibition against general
solicitation and general advertising in Rule 506 and Rule 144A
offerings will become effective on September 23, 2013, which is 60
days after the July 24, 2013 date they were published in the Federal Register. The rules prohibiting
certain "bad actors" from participating in securities
offerings conducted in reliance on Rule 506 also become effective
September 23, 2013. For more information on these final rules,
please see our prior blog entry
here. For more information on the JOBS Act and Rule 506, please
see our prior blog entry
here.
The content of this article is intended to provide a general
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