On July 10th, the SEC published for comment proposed rules that would allow the Commission to monitor how general solicitation impacts the private placement market. Among other things, the proposed rule would amend Regulation D to improve the content and timeliness of the Form D notice filing and to require legends and other disclosures in written materials disseminated in offerings utilizing general solicitation. The proposal would also amend Rule 156 to extend certain antifraud guidance to the sales literature of private funds, and would add new Rule 510T to require, on a temporary basis, the submission of written general solicitation materials to the Commission no later than the date of first use of such materials. Comments on the proposed rule should be submitted within 60 days after publication in the Federal Register, which is expected during the week of July 15. SEC Release No. 33-9416.