ARTICLE
1 October 2014

SEC Proposes New Rule On Communications Involving Security-Based Swaps

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On September 8, the SEC proposed a new rule that certain communications involving security-based swaps will not be deemed to constitute offers or guarantees.
United States Finance and Banking

On September 8, the SEC proposed a new rule that certain communications involving security-based swaps that may be purchased only by eligible contract participants will not be deemed for purposes of Section 5 of the Securities Act to constitute offers of such security-based swaps or any guarantees of such security-based swaps.  Comments should be received by the SEC on or before November 10, 2014.   Proposed Rule

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