A new investor alert has been issued by the Financial Industry Regulatory Authority. The alert warns investors that private placements are risky and can tie up funds for a significant period of time. A private placement is an offering of…
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The SEC Approves Final Rules Regarding General Solicitation and General Advertising in Rule 506(c) Offerings
Pursuant to Section 201(a) of the Jumpstart Our Business Startups Act (the “JOBS Act”), on July 10, 2013, the Securities and Exchange Commission (the “SEC”) approved final rules to eliminate the prohibition on general solicitation and general advertising* in securities…
FINRA Rule 5123 Regarding Notice Filings for Private Placements Becomes Effective December 3, 2012
FINRA Rule 5123 (“Rule 5123” or the “Rule”) becomes effective on December 3, 2012 and will apply prospectively to private placements that begin selling efforts on or after this date. Rule 5123 requires a member firm of the Financial Industry…
Tagged with: FINRA, Investment Company Act, Securities Act, Securities Act Rule, Securities Exchange Act
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