New SEC Rule 506(c) Allows General Solicitation as Long as “Purchasers” are “Accredited Investors”

The Securities and Exchange Commission has published its final rules eliminating the prohibition against “general solicitation”. It created a new section to Rule 506, Rule 506(c) which provides that an exemption from the registration requirements is available even if an issuer uses general solicitation so long as all “purchasers” are “accredited investors”. The SEC has…

Robin Powers Provides Guidance on the Cost of Central Clearing of OTC Derivatives

Robin Powers provides guidance in Markets Media‘s June 21st article entitled “The Cost of Central Clearing”. Robin states, “The buy side have made it through the first deadline, i.e., the beginning of central clearing, but as products become more clearable there will be additional networking, technology and operations requirements. The most challenging aspect is the different regulatory…