This just tweeted: AngelList has set up a webpage to educate everyone on the SEC's proposed rules that would impose pre-filing, information filing and mandatory legend requirements on Rule 506(c) offerings.
"506(c)" is the shorthand way for referring to the new version of Reg D Rule 506 under which it will, come September 23, be okay to "generally solicit and generally advertise" for investors, as long as you have taken reasonable steps to verify that all purchasers in the deal are accredited.
To read the original article: What AngelList Is Doing About The Proposed Sec Rules To Overhaul Startup Financing | The VC Experts' Buzz | VC Experts
