Harvard this morning discusses another proposal with pros and cons visited. Small business of-interest, news-to-watch and need-to-know.
Excerpt: In recent years, the need for the prohibition against general solicitation has been the subject of increasing debate, particularly in light of changes in communication technologies. New technologies have caused many to question the feasibility and continued desirability of communication restrictions in private offerings.
This is one of the reasons why, even before Congress enacted the JOBS Act, I had instructed the staff to take a fresh look at the prohibition in Rule 506 and develop ideas to reduce regulatory constraints on capital formation in a manner wholly consistent with investor protections.