Skadden, Arps, Slate, Meagher & Flom LLP and Affiliates

Corporate Finance Alert: SEC Proposes Rules to Remove the Prohibition Against General Solicitation for Certain Private Placements

Skadden, Arps, Slate, Meagher & Flom LLP

Brian V. Breheny Adrian J. S. Deitz Gregory A. Fernicola David J. Goldschmidt Stephan Hutter Thomas J. Ivey Gregg A. Noel Jonathan B. Stone Joseph (Yossi) Vebman Dwight S. Yoo Michael J. Zeidel Andrew J. Brady James P. Healy Pranav L. Trivedi


The SEC recently proposed rule amendments to implement Section 201 of the JOBS Act. The proposed rules have the potential to alter substantially the private placement market by removing the prohibition against general solicitation and general advertising, provided that certain conditions are met.

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