Securities
Sep. 7, 2012
Taking the 'private' out of private placements
On Aug. 29, the SEC issued a release proposing changes to securities law rules that may fundamentally change the manner in which many private placements are conducted. By David Hernand and Joelle Khoury of Cooley LLP
On Aug. 29, the Securities and Exchange Commission issued a release proposing changes to federal securities law rules governing private placements of securities (and resales of securities by certain institutional investors) that may fundamentally change the manner in which many private placements are conducted - by taking the "private" out of private placements. Specifically, the changes will allow a company (or anothe...
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