Wyly Wade

Tag: U.S. Securities and Exchange Commission

The JOBS Act: General Solicitation Rules changes

On July 10, the Securities and Exchange Commission (“SEC” or the “Commission”) approved final rules eliminating the decades-old prohibition against general solicitation and general advertising in all Rule 144A offerings and certainRegulation D transactions, as required by Title II of the JOBS Act. The new rules (the “General Solicitation Rules”) permit issuers, including start-ups, hedge funds, venture capital funds and private equity funds, to promote their…

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