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CALIFORNIA CORPORATE & SECURITIES LAW

Of Touting, Tweets and Advertising

Last month, the Securities and Exchange Commission issued this public statement warning about touting of securities by celebrities: Celebrities and others are using social media networks to encourage the public to purchase stocks and other investments.  These endorsements may be unlawful if they do not disclose the nature, source, and amount of any compensation paid, directly…

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With General Solicitations Soon To Be Permitted, It’s Time To Recall The Commissioner’s Advertising Rules

Over a year ago, Congress directed the Securities and Exchange Commission to amend its rules to permit general solicitations in Rule 506 and Rule 144A offerings.  The SEC failed to meet Congress’ deadline by over a year.  See The Most Important Thing You Need To Know Now About The Lifting Of The General Solicitation Ban.  When…

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