SEC Staff Issues Interpretations on General Solicitation Prohibition
Skadden, Arps, Slate, Meagher & Flom LLP The staff of the SEC Division of Corporation Finance (Staff) recently issued new Compliance and Disclosure Interpretations (CDIs) and an interpretive letter regarding the general solicitation prohibition in securities offerings conducted under Rule 506(b) of Regulation D, which exempts such offerings from Securities Act registration. Some of the CDIs […]
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