The Commission’s final rules to remove the ban on general solicitation and general advertising in offerings pursuant to Rule 506 of Regulation D under the Securities Act of 1933 (the “Securities Act”) and pursuant to Rule 144A under the Securities Act, and to disqualify felons and certain other “bad actors” from participating in offerings pursuant to Rule 506, were published in the Federal Register today.  As a consequence, the final rules will become effective on September 23, 2013.

The Commission’s proposal to further amend Regulation D, Form D and Rule 156 under the Securities Act was also published today.  The comment period on the proposed amendments will end on September 23, 2013.