Where is the Regulation D Proposal?
By David Feldman at 28 July, 2007, 8:01 pm
The last of the SEC’s six major proposals to ease the burden on smaller public companies has still not been released more than two months after it was announced back on May 23.
This proposal, which is supposed to include the right to have limited advertising if offerees include only a new type of “super accredited investor,” appears to be in tweak central at the SEC. The proposal also is going to state that the standards to become an accredited investor will be increased and indexed for inflation starting in 2012 (it will be here before you know it, just ask my office landlord!).
We are hopeful that John White’s promise to have everything for our “summer reading” will include this important proposal.
On a personal note, I wish to thank everyone who expressed concern about us following the steampipe explosion one block from our office on Lexington Avenue in Manhattan last week. All of us at FW&S are fine, thankfully, though certainly a bit shaken up! The office was only closed for a day, and now, but for continuing street closures, we are back to normal. Thank goodness technology allowed all of us to continue to work remotely even while the building was shut down.
I am off to a little R&R with the family and look forward to talking with you all again soon.
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