Jenner & Block

Client Advisory: The Securities and Exchange Commission Proposes Securities Offering Reform

At an open meeting held on October 26, the SEC proposed sweeping reforms intended to modernize the securities offering process under the Securities Act of 1933.  The proposals address communications related to registered securities offerings, the capital formation process, delivery of information to investors, and procedural restrictions in the offering.  The description provided in the Client Alert below is based on the statements made by the Commissioners and the SEC staff at the open meeting