INVESTMENT ADVISER LAW BLOG

The SEC announced that its open meeting to announce rules governing advertising of offerings under Rule 506, originally scheduled for August 22, has been delayed until August 29. This follows news from the SEC that it will be releasing only proposed rules for public comment at the meeting. Some had hoped the SEC would announce interim or temporary rules to go into effect immediately. Instead, any proposed rules announced by the SEC will be subject to usual public comment and review, typically between 30 and 60 days.  

Sources:

• SEC Open Meeting Notice
• JOBS Act Repeal of Advertising Restrictions Further Delayed (previous post)
• SEC Commissioners to Consider Fund Advertising Rules (previous post)
• SEC Will Miss Deadline for Fund Advertising Rules (previous post)
• Ready to Take Advantage of JOBS Act Changes? Be Patient (previous post)

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Jack G. Martel is the author of Investment Adviser Law Blog which is devoted to providing information and discussion of interest to investment advisers, private fund managers and others in the financial management industry. Jack is a partner in Ragghianti | Freitas LLP. He has over fifteen years experience in general business and securities transactions with a focus on assisting investment advisers, fund sponsors and managers in all manner of legal, regulatory and compliance issues. Jack can be reached at 415.453.9433.

Tagged: Compliance, Hedge Fund, JOBS Act, Private Equity, Regulatory, SEC

§ One Response to SEC Again Delays Action on Advertising Rules

• JOBS Act Repeal of Advertising Restrictions Further Delayed « Investment Adviser Law Blog says:

  August 22, 2012 at 11:54 am

  […] UPDATE: SEC Again Delays Action on Advertising Rules […]