SEC Adopts General Solicitation and Advertising in Certain Private Offerings
July 10, 2013
The SEC adopts Title II 506(c) – general solicitation and advertising of the JOBS Act, which removes the uncertainty about the forward progress from Chairwoman Mary Jo White. As for her priorities at the agency, White said during her March confirmation hearing that her top priority would be to finish rulemaking mandates under the Dodd-Frank and JOBS Act “in as timely and smart a way as possible.”
“Given the explicit language f the JOBS Act as week as the statutory deadline which passed last July, the Commission should act without further delay,” White said before today’s vote on Title II for general solicitation and advertising. “This does not mean, however, that the Commission should not take steps to pursue additional investor safeguards if and where such measures become needed.
Wales Capital Summary: JOBS Act TItle II – Adoption
SEC’s Final Rules: http://www.sec.gov/rules/