The Downside Of SEC's New General Solicitation Rules

Law360, New York (November 7, 2013, 4:00 PM EST) -- On Sept. 23, 2013, the U.S. Securities and Exchange Commission adopted rules permitting general solicitation in offerings to accredited investors, ushering in a new era of financing opportunities for growing companies. Unfortunately, while growing companies will certainly benefit from the expanded opportunity to locate and secure new investors, there are some unintended consequences of the new rules that may result in higher costs for fundraising, exposure to significant liabilities under privacy laws and loss of important protections for intellectual property portfolios.

New Rule Does Not Define...
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