Elimination of the Prohibition on General Solicitation for Certain Private Placements
Published on:
October 5, 2012
SIFMA and the Financial Services Roundtable (FSR) provide comments to the Securities and Exchange Commission (SEC) in support for both the elimination of the prohibition and the SEC’s decision not to prescribe specific steps to meet the requirement to take “reasonable steps to verify the purchasers of the securities are accredited investors”.