{"id":1119,"date":"2012-09-04T18:25:09","date_gmt":"2012-09-04T18:25:09","guid":{"rendered":"https:\/\/www.stockbrokerfraudblog.com\/2012\/09\/sec_seeks_to_put_into_effect_p"},"modified":"2022-03-09T16:21:55","modified_gmt":"2022-03-09T22:21:55","slug":"sec-seeks-to-put-into-effect-p","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-seeks-to-put-into-effect-p\/","title":{"rendered":"SEC Acts to Put into Effect Provision of JOBS Act that Allows General Advertising and Solicitation in Securities Offerings"},"content":{"rendered":"

\t\t\t\tLast week, the SEC proposed rules that would get rid of the ban against general advertising and solicitation of certain securities offerings under Rule 144A and Rule 506 of Regulation D of the Securities Act. The rules are mandated under the Jumpstart Our Business Startups Act. <\/p>\n

Currently, companies that want to raise money through securities sales have to depend on an exemption from registration or register the offering with the SEC. The majority of the SEC’s exemptions from registration, including Rule 506, don’t allow companies to take part in general solicitation\/advertising related to the securities offering. <\/p>\n

However, the newly enacted JOBS Act mandates that the Commission take away the general advertising\/solicitation prohibitions on securities offerings related to Rule 506. Section 201(a)(1) of the JOBS Act even directs the SEC to amend Rule 506 to allow general solicitation\/advertising as long as the buyers of the securities are investors that are accredited. It also says that the rules shall make sure the issuer exercises reasonable steps to confirm that the buyers are accredited investors and that it is up to the Commission to determine what these methods would be.<\/p>\n

Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"

Last week, the SEC proposed rules that would get rid of the ban against general advertising and solicitation of certain securities offerings under Rule 144A and Rule 506 of Regulation D of the Securities Act. The rules are mandated under the Jumpstart Our Business Startups Act. Currently, companies that want to raise money through securities […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4026,3801,3760],"tags":[],"class_list":["post-1119","post","type-post","status-publish","format-standard","hentry","category-jobs-act","category-sec","category-sec-enforcement"],"yoast_head":"\nSEC Acts to Put into Effect Provision of JOBS Act that Allows General Advertising and Solicitation in Securities Offerings — Investor Lawyers Blog — September 4, 2012<\/title>\n<meta name=\"description\" content=\"Last week, the SEC proposed rules that would get rid of the ban against general advertising and solicitation of certain securities offerings under Rule — September 4, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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