Lawmaker Calling on SEC to Revisit JOBS Act Proposal to Lift Advertising Ban

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Sen. Carl Levin is calling on the SEC to revisit its proposal to relax advertising rules for private offerings. Per our prior blog post on the JOBS Act, the regulations recently proposed by the SEC require only that hedge fund managers take “reasonable steps” to verify the “accredited” status of potential investors.

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Published In: Business Organization Updates, Finance & Banking Updates, Securities Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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