SEC Announces Open Meeting To Adopt Title II Rules

On July 3, 2013 the SEC posted a Sunshine Act Notice announcing an open meeting on July 10, 2013.  At the open meeting, the SEC intends to consider the following matters:

• whether to adopt amendments to eliminate the prohibition against general solicitation and general advertising in certain 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;
• whether to propose amendments to Regulation D, Form D and Rule 156 under the Securities Act - these proposed amendments are intended to enhance the Commission's ability to evaluate changes in the market and to address the development of practices in Rule 506 offerings; and