SEC Proposes Amendments to General Solicitation and Advertising Rules Under Securities Act Rules 506 and 144A

Summary: On August 29, 2012, and as mandated by the Jumpstart Our Business Startups Act (the JOBS Act), the SEC issued for comment proposed amendments to Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933 via Release No. 33-9354 (the Release), which are among the principal regulations under which private securities offerings are effected in the US. The Release can be found at www.sec.gov/rules/proposed/2012/33-9354.pdf.