August 19, 2022

Volume XII, Number 231

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SEC Proposes Rule to Eliminate Ban on General Solicitation and Advertising

On August 29, the Securities and Exchange Commission proposed amendments to Rule 506 of Regulation D, as promulgated under the Securities Act of 1933, to implement Section 201(a)(1) of the Jumpstart Our Business Startups (JOBS) Act, which would eliminate the prohibition against general solicitation and general advertising as it applies to offers and sales of securities made pursuant to Rule 506, provided that all purchasers of the securities are accredited investors and the issuer takes reasonable steps to verify that the purchasers are accredited investors. The proposed amendments, if adopted as proposed, could greatly impact the marketing of private fund issuers, such as hedge funds, venture capital funds, private equity funds and real estate funds.  The attached GT AlertSEC Proposes Rule to Eliminate Ban on General Solicitation and Advertising — provides more information on this important development which could impact the way regional centers market their projects.

©2022 Greenberg Traurig, LLP. All rights reserved. National Law Review, Volume II, Number 271
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About this Author

Kate Kalmykov, Greenberg Traurig Law Firm, New York and New Jersey, Immigration Law Attorney
Shareholder

Kate Kalmykov focuses her practice on business immigration and compliance. She represents clients in a wide-range of employment based immigrant and non-immigrant visa matters including students, trainees, professionals, managers and executives, artists and entertainers, treaty investors and traders, persons of extraordinary ability and immigrant investors.

Kate has extensive experience working on EB-5 immigrant investor matters. She regularly works with developers across a variety of industries, as well as private equity funds on developing new projects that qualify for EB-5...

973-443-3276
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