10 Things You Need To Know About The Rule 506 Amendments
July 31, 2013, 2:50 PM EDT
Law360, New York (July 31, 2013, 2:50 PM EDT) -- On July 10, 2013, the U.S. Securities and Exchange Commission adopted final rules amending Rule 506 of Regulation D and Rule 144A under the Securities Act of 1933 to implement Section 201(a) of the Jumpstart Our Business Startups (JOBS) Act. The agency also adopted rules amending Rule 506 to implement Section 926 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Both sets of amendments to Rule 506 had languished in rulemaking for some time. The JOBS Act directed the SEC, not later than July...