November 15, 2013

Updated Guidance Regarding New Private Placement Rules

Summary: On September 23, 2013, new Rule 506(c) of Regulation D and amendments to Rule 144A under the Securities Act of 1933 became effective. The rules potentially have a significant impact on the manner in which private placements of securities may be conducted. This week, the SEC’s Division of Corporation Finance updated its Compliance and Disclosure Interpretations to give guidance for these new rules.

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