The SEC reopened the comment period on its proposal to create additional reporting and disclosure obligations with respect to private offerings in reliance on Regulation D, including the new Rule 506(c) offerings under which an issuer may engage in general solicitation and general advertising. The SEC’s proposal was described in the July 23, 2013 Financial Services Alert. The SEC reopened the comment period to allow “the public additional time to consider thoroughly the matters addressed by the release and comments submitted to date and to submit comprehensive responses would benefit the Commission in its consideration of final rules.” The reopened comment period will end 30 days after the announcement of the SEC’s action is published in the Federal Register.
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