On August 29, 2012, the SEC issued proposed rules to implement Congress’ mandate, under the Jumpstart Our Business Startups Act (the “JOBS Act”), that the agency eliminate the existing ban on use of general solicitation and/or general advertising for Rule 506 and Rule 144A offerings. The proposed amendments, if adopted as proposed, would significantly impact
SEC
SEC Proposes Amendments to Permit Hedge Funds to Advertise – Data Privacy Issues
By Keri S. Bruce & Frederick Lah on
This post was also written by Alexandra Poe and Paul Bond.
On August 29, the SEC proposed amendments to lift a long-standing ban on advertising for hedge funds and other issuers. Reed Smith will be releasing a series of blog posts over the next few weeks about the various implications this proposed rule may have…