Law360, New York (September 17, 2012, 12:07 PM EDT) -- The U.S. Securities and Exchange Commission recently issued a set of answers to frequently asked questions, clarifying a number of ambiguities regarding the activities of underwriters and research analysts in connection with offerings by emerging growth companies (EGCs) under the Jumpstart Our Business Startups Act (the “JOBS Act”). We summarize and analyze the key points below.
Testing the Waters
The FAQs address a technical concern that “testing the waters” under the JOBS Act might violate the requirements of Rule 15c2-8(e) under the Securities Exchange Act of...
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