Canada:
SEC Eliminates Private Placement Solicitation And Advertising Prohibitions
18 July 2013
Stikeman Elliott LLP
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The U.S. Securities and Exchange Commission
(SEC) announced last week that it is
eliminating the prohibition against general solicitation and
advertising in respect of issuers taking advantage
of the registration exemptions associated with offering
securities to accredited investors and qualified institutional
buyers. The amendments,
first proposed in August 2012, are being implemented under the
rulemaking required under the
JOBS Act. The amendments will become effective 60 days
after publication in the Federal Register.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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