Sat, Mar 25, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

SEC lifts ban on general solicitations, then proposes regulations

Thursday, September 05, 2013

amb
Scott Gluck
Benedicte Gravrand, Opalesque Geneva:

According to Scott Gluck, attorney with U.S.-based law firm Venable LLP, who wrote in the September 2013 edition of Middle Market Growth, the SEC’s advertising ban is not all there is.

The U.S. Securities and Exchange Commission (SEC) voted to lift the ban on general solicitations or advertising, as per the 2012 JOBS Act, on July 10th this year. In that same meeting, says Mr. Gluck, the SEC also approved new regulations that may restrict the fund advisers’ ability to advertise.

These proposed regulations include: • Fund advisers seeking to solicit would be required to fill in pre- and post-solicitation Form D Filings. • Written solicitation material would be required to contain legends and other disclosures. • Solicitation material would have to be submitted to the SEC for around two years after enactment. • More information would be disclosed in the Form D. • An issuer who has not complied with a Form D filing requirement in the past five years would be disqualified from starting a Rule 506 offering for a year. • The antifraud provision of Rule 156 would be amended to ap......................

To view our full article Click here

Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge fund liquidations in 2016 surpass 2009 levels, new launches decline[more]

    Benedicte Gravrand, Opalesque Geneva: Even as the hedge fund industry's total assets exceeded the $3tln milestone last year, hedge fund liquidations increased. So much so that 2016 had the highest number of liquidations since 2008, claims the latest HFR Market Microstructure Report, re

  2. Hedge funds find no joy in macro as returns lag Trump rally[more]

    From Gulfnews.com: In 2017, macro hedge funds were expected to shine. So far? Not so much. It's been a far from impressive first two months for funds that trade around macroeconomic events. Discretionary funds rose just 0.3 per cent through February, according to Hedge Fund Research Inc., while the

  3. Strategies - Billionaire investor Marc Lasry shares how he's playing markets right now, Classic models are failing FX hedge funds desperate for return[more]

    Billionaire investor Marc Lasry shares how he's playing markets right now From CNBC.com: Buy on the prospect of deregulation. Sell on the enactment of deregulation. That's the strategy that billionaire investor Marc Lasry is implementing, according to an interview with CNBC in Las Vegas

  4. Opalesque Exclusive: Aberdeen makes the case for the lower mid-market[more]

    Bailey McCann, Opalesque New York: Aberdeen Asset Management has released a new paper focused on lower mid-market private equity. According to the paper, this segment of the private equity market is gaining popularity with private equity investors that are looking for multiple expansion and less

  5. Hedge funds await outcome of French elections, feel pinch on lower oil prices & weak dollar[more]

    Komfie Manalo, Opalesque Asia: Hedge funds felt the pinch of lower oil prices and weak U.S. dollar as the Lyxor Hedge Fund Index was marginally down as of the week ending 14 March, Lyxor Asset Management said in its Weekly Briefing. The Lyxor He