Sentences with phrase «general solicitation under»
Section 201 (a) of the JOBS Act requires the SEC to eliminate the prohibition on using general solicitation under Rule 506 where all purchasers of the securities are accredited investors and the issuer takes reasonable steps to verify that the purchasers are accredited investors.
https://www.sec.gov/ Not exact matches
Title II of the JOBS Act is related to private placement transactions executed under Rule 506 of Regulation D. Title II charges the SEC with eliminating the general solicitation and advertising bans in connection with Rule 506 offerings.
They are speaking about the way Rule 506 under Reg D was reformed by rulemaking pursuant to the JOBS Act, to permit general solicitation while preserving a Rule 506 exemption that is preemptive of state law, as long as all purchasers are verified to be accredited investors.
MOUNTAIN VIEW JUNE 26, 2014 — 500 Startups, the most active venture capital fund and startup accelerator program in the world, is announcing that it has filed with the SEC under the new rules allowing for general solicitation, and is now publicly fundraising for its third flagship fund, targeted at $ 100M.
Under Title II of the JOBS Act (Rule 506 (c) of Regulation D), companies can now engage in «general solicitation» allowing them to advertise their raise and theoretically reach any accredited investor, regardless of location.
He serves on the Angel Capital Association's Public Policy Committee Advisory Council, and writes, speaks and presents frequently on general solicitation, accredited investor verification, and other reforms under the JOBS Act.
That was the same year that Title II of the JOBS Act launched allowing general solicitation (SEC lingo for advertising) under Regulation... Read More
Under a law enacted during the Great Depression, companies raising money were prohibited from «general solicitation,» or public advertising, of unregistered securities.
Section 201 (a) of the JOBS Act, required the SEC to eliminate the ban on using general solicitation in connection with the sale of securities (implemented through the creation of Rule 506 (c) under Regulation D), and further to amend Regulation A, to now permit issuers of securities to raise up to $ 50,000,000 from accredited and non-accredited investors.
While some observers may be surprised by the public announcement, the token sale is described as being launched under Rule 506 (c) of Regulation D of the Securities Act of 1933, as amended, which, subject to compliance with certain restrictions, permits the token seller to engage in general advertising and general solicitation.
Under the regulations, you will have to file a notice of your offering with the SEC 15 days before the first offer of sale by general solicitation.
Rule 506 (c) offers a safe harbor under the statute if you comply with all requirements and don't use a general solicitation.
Second, mail or other forms of written solicitations of prospects whose properties are exclusively listed with another REALTOR ® when such solicitations are not part of a general mailing but are directed specifically to property owners identified through compilations of current listings, «for sale» or «for rent» signs, or other sources of information required by Article 3 and Multiple Listing Service rules to be made available to other REALTORS ® under offers of subagency or cooperation.