SEC Postpones Consideration Of Title II Rule Changes

Today, the SEC removed from the August 22nd Open Meeting agenda the  consideration of rules to eliminate the prohibition against general solicitation and general advertising in securities offerings conducted pursuant to Rule 506 of Regulation D under the Securities Act and Rule 144A under the Securities Act, as mandated by Section 201(a) of the JOBS Act.  In a separate notice, the SEC indicates that it will now consider whether to propose rule changes under Title II on Wednesday, August 29th.  The new notice clarifies that the changes to Rules 506 and 144A will be proposed, rather than published as interim final rules.

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