SEC Will Miss First JOBS Act Deadline by staff103


									SEC Will Miss First JOBS Act Deadline – Securities Lawyer 101- Go
Public Blog

Posted on June 29, 2012 by Brenda Hamilton, Attorney

                                       On June 28, 2012, the Securities and
Exchange Commission (“SEC”) announced it would miss the July 4, 2012
deadline for adopting rules that would lift the ban on general solicitation and
advertising for Rule 506 offerings.

Congressional oversight panel Chairwoman Schapiro stated to the panel, “The
90-day deadline does not provide a realistic timeframe for the drafting of the
new rule, the preparation of an accompanying economic analysis, the proper
review by the commission, and an opportunity for public input.” She indicated
that the SEC would be in a position to issue the rules “in the very near future”,
most likely sometime this summer.

For more information about the JOBS Act please visit our blog post at:

For further information about this article, please contact Brenda Hamilton,
Securities Attorney at 101 Plaza Real S, Suite 201 S, Boca Raton Florida, (561)
416-8956, by email at or visit This memorandum is provided as a general
informational service to clients and friends of Hamilton & Associates Law Group
and should not be construed as, and does not constitute, legal and compliance
advice on any specific matter, nor does this message create an attorney-client
relationship. For more information concerning the rules and regulations affecting
the use of Rule 144, Form 8K, FINRA Rule 6490, Rule 506 private placement
offerings, Regulation A, Rule 504 offerings, Rule 144, SEC reporting
requirements, SEC registration on Form S-1 and Form 10, Pink Sheet listing,
OTCBB and OTC Markets disclosure requirements, DTC Chills, Global Locks,
reverse mergers, public shells, go public direct transactions and direct public
offerings or please contact Hamilton and Associates at (561) 416-8956 or by
email a Please note that the prior results
discussed herein do not guarantee similar outcomes.

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