On August 29, 2012, the SEC issued proposed rules to implement Congress’ mandate, under the Jumpstart Our Business Startups Act (the “JOBS Act”), that the agency eliminate the existing ban on use of general solicitation and/or general advertising for Rule 506 and Rule 144A offerings. The proposed amendments, if adopted as proposed, would significantly impact the marketing of all private issuers.

Click here for a discussion of the SEC proposed rules under the JOBS Act by Reed Smith partners Alexandra Poe, Gerard DiFiore and Eulalia Mack.