Proposed Rule for Use of General Solicitation in Private Offerings

On August 29, 2012 the Securities and Exchange Commission proposed a rule to amend Rule 506 of Regulation D. If the amendment is adopted, new Rule 506(c) would permit general solicitation for offerings made pursuant to Rule 506, provided that all purchasers of the securities are accredited investors. Click here to read more in this article by Theresa M. Mehringer.