SEC Proposes Looser Rules On Investor Communication
The proposed rule, released Tuesday, would permit companies classified as "well-known seasoned issuers" to delegate some of the authority to communicate with investors on their behalf.
Currently, Rule 163(c) of the Securities Act of 1933 allows only WKSIs to correspond with prospective investors in advance of filing a registration statement.
Under the amendments, underwriters or...
To view the full article, register now.