SEC Issues New Guidance on General Solicitation and Advertising in Regulation D Offerings

Simon Riveles Capital Raising, Compliance, Jobs Act, Reg D Rule 506

By Lauren Mack On August 6, 2015, the SEC’s Division of Corporation Finance (“DCF”) updated its Compliance and Disclosure Interpretations (“CDI”) with eleven new CDI on general solicitation and advertising in Regulation D offerings. That same day, the DCF also issued a no-action letter finding that an online venture capital firm’s procedures for creating online pre-existing substantial relationships did not constitute general solicitation and advertising …