SEC Issues Final Rule on Solicitations of Interest Before a Registered Public Offering

The SEC has issued a final rule, Solicitations of Interest Prior to a Registered Public Offering.

The final rule amends the Securities Act of 1933 to allow “issuers to engage in oral or written communications with certain potential investors, either prior to or following the filing of a registration statement, to determine whether such investors might have an interest in a contemplated registered securities offering.”

The final rule will become effective 60 days after the date of its publication in the Federal Register. For more information, see the press release and final rule on the SEC’s Web site.