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SEC Updates Securities Act Rule Q&A

The SEC has published additions to its Securities Act Compliance and Disclosure Interpretations ("C&DIs"). The additions cover questions regarding Rule 506 ("Exemption for Limited Offers and Sales without Regard to Dollar Amount of Offering"), including when an issuer is required to determine whether the bad actor disqualification applies, clarification of the definition of "affiliated issuer," and disqualifications under the rule.

See: Updated SEC C&DIs.
Related news: SEC Updates Securities Act Rule Q&A (November 14, 2013).

Tags

Regulated Activities
Distribution Procedures
Sub-Activity
Private Placements; SA Section 4(a)(2), Bad Actors
Regulated Entities
Adviser / CTA / CPO Issuers of Securities Investment Funds (SEC Exempt)
Body of Law
Securities Law
Jurisdiction
US - Federal
Organization
SEC