Tuesday, September 18, 2007

SEC Considers Changing Reg D

In a move that will have wide-spread implications for issuers seeking to raise capital through a private placement, the SEC is considering significant changes to Regulation D.

The proposals include a new exemption for offerings made to "large accredited investors" and to permit limited advertising to those investors; a clarification of the term "accredited investor"; and a shorter time frame for integration.

The release is 121 pages long, and the comment period ends October 9, 2008.
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