Monday, July 02, 2012

SEC Schedules Open Meeting to Consider JOBS Act Title II and Other Issues

The SEC today posted a Sunshine Act notice on its website stating that the Commission will consider JOBS Act Title II rules at an open meeting scheduled for Wednesday August 22, 2012. Title II of the JOBS Act requires the Commission to adopt rules to remove the ban on general advertising and general solicitation contained in Securities Act Regulation D Rule 506 and Securities Act Rule 144A(d)(1).
Also at this meeting, the Commission will consider whether to adopt disclosure rules to implement Dodd-Frank Act provisions regarding conflict minerals and resource extraction issuers. These rules are required under Dodd-Frank Act Sections 1502 and 1504, respectively.