SEC Implements Secure E-Mail System for Submission of Draft Registration Statements

more+
less-

On May 11, 2012, the SEC's Division of Corporation Finance issued instructions for submitting draft registration statements confidentially under the Jumpstart Our Business Startups Act (the "JOBS Act"). As noted in our previous e-Alert available here, President Obama signed the JOBS Act into law on April 5, 2012. The JOBS Act considerably alters the regulations surrounding public and private security offerings, creating a new category of issuers known as "emerging growth companies" and exempting these companies from certain federal securities regulations relating to the IPO process and periodic reporting obligations.

Specifically, emerging growth companies are permitted to file their IPO registration statements with the SEC on a confidential, nonpublic basis. As described in instructions released by the SEC's Division of Corporation Finance on May 11, 2012 (available here), the SEC has implemented a secure e mail system to allow it to confidentially receive and review emerging growth company registration statements, as well as send comment letters and review company correspondence, until such documents are able to be submitted and reviewed through EDGAR. Some items of note...

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

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.

© Jackson Walker | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.
×
Loading...
×