SEC Commissioners to Consider Fund Advertising Rules

(Investment Advisor Law Blog) Although the proposed rules have yet to be released, the SEC has announced that they will be considering rules to repeal the ban on general solicitation and advertising at an August 22 open meeting. The SEC is expected to release its proposed rules sometime prior to the August meeting.

The repeal is mandated by Title II of the Jumpstart Our Business Startups (JOBS) Act passed in April 2012.

According to a recent report by Bloomberg, members of the U.S. Securities and Exchange Commission will meet next month to consider rules mandated by the 2010 financial regulatory overhaul and a separate law enacted this year to ease the initial public offering process for small companies.

In an announcement posted on the SEC website, the agency said the five commissioners will meet on Aug. 22 to consider rules requiring public companies to disclose whether they use minerals mined in the Democratic Republic of Congo or make payments to overseas governments to develop natural gas. The agency will also consider a rule required by the 2012 JOBS Act lifting advertising restrictions on some companies going public.

Sources:

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About Alex Campbell
“Alex” is a creative writer, editor, blogger, and digital marketing professional seeking freelance opportunities in marketing, communications, social media, public relations, investor relations, government relations, sales and service. Offers over 20 years experience elevating brands, sharing stories and driving sales for interesting, innovative and disruptive products, services and new technologies.

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