Skip to Content
News | 09.27.13

CLIENT ALERT - Brave New World? New SEC General Solicitation Rules Go Effective

This is the first week of effectiveness for the U.S. Securities and Exchange Commission's new rules that permit, within parameters, the general solicitation of prospective investors in certain securities offerings conducted without SEC registration.  The new rules make it possible for companies and funds to use advertising, the Internet  and other forms of mass communication when marketing their securities offerings, so long as the securities are ultimately sold only to “accredited investors” (“AIs”) in conformance with Rule 506 of Regulation D under the Securities Act of 1933, or “qualified institutional buyers” (“QIBs”) in conformance with Rule 144A under that Act.  To learn more about how the market may change in the wake of the new rules becoming effective, please click here.

Media Inquiries

Please direct media inquiries to the Marketing Department.

Related Practices

Corporate

Clients rely on our corporate lawyers' business judgment, legal advice, market knowledge and analytical skills to identify legal and business issues and solve problems.

Investment Funds and Advisers

Our Investment Funds and Advisers Practice provides all-encompassing legal services to investors and sponsors in the alternative asset space. Our clients include investment advisers – registered and unregistered, domestic and international – and asset allocators of all sizes, ranging from high-net-worth individuals to asset management arms of large financial institutions.

Securities & Capital Markets

Our Securities & Capital Markets Practice offers clients sophisticated securities law capabilities, wide and varied transactional exposure, market familiarity, a commercially sensitive approach to practice and the ability to execute under demanding schedules and circumstances.