The controversy continues around the proposed SEC rules that would require a Form D be filed prior to commencing a general solicitation. Recently, seven senators sent this letter to SEC Chair Mary Jo White supporting the proposed amendments, stating they were needed by state securities regulators to protect investors (hat tip Jim Hamilton).
Brok Romanek at TheCorporateCounsel.Net also indicated the tide may be turning, noting that SEC Commissioner Aguilar and Senator Levin have weighed in supporting the proposals.
For other information on the JOBS Act, see JOBS Act and Other Securities Law Essentials for Growing Companies.
Check jobs-act-info.com frequently for updated information on the JOBS Act, the Dodd-Frank Act and other important securities law matters.