SEC Harmonizes Regulation and Improves Access to Capital in Private Markets
November 16, 2020
On November 2, 2020, the Securities and Exchange Commission voted 3-2 to adopt amendments to “simplify, harmonize, and improve certain aspects” of the framework for offerings exempt from Securities Act registration.
The amendments largely track the March 2020 proposing release, with a few key and welcome changes, and cover a number of areas, including integration, general solicitation and offering communications, and Rule 506(c) verification requirements.
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