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Rule 506

The SEC's Bluff on Lifting the Ban on General Solicitation and Advertising

Gary Emmanuel | Posted 09.15.2013 | Business
Gary Emmanuel

The SEC has adopted long-awaited final rules which will allow companies to raise money in a private placement through general solicitation or advertising. While on its face this is a welcome development for companies seeking greater access to capital, the SEC has taken questionable steps that have the potential to eviscerate its potential benefits.