SEC Votes to Lift General Solicitation Ban for Private Placements

Jay OwenCrowdfunding

Wednesday, July 10th, 2013 Top Stories   SEC Votes to Lift General Solicitation Ban — Earlier today, the SEC voted 4-1 to lift the ban on general solicitation for private placements. The ruling creates a new kind of offering, called 506(c), that effectively allows companies (as well as hedge funds and …