The availability of the private placement exemption under SEC Rule 506 depends in large measure upon determinations that purchasers are “accredited investors” under the rules. Where there is no general solicitation, Rule...more
On July 10, 2013, the Securities and Exchange Commission adopted final rules amending Rule 506 of Regulation D to permit general solicitation and to disqualify felons and other “bad actors” from participating in certain...more
New Rule 506(c) Permits General Solicitation Under Regulation D -
The Securities Exchange Commission has adopted final rules to remove the prohibition on general advertising and solicitation in securities offerings...more