The Ins And Outs Of SEC's Expanded 'Test The Waters' Rule

By Eric Juergens, Matthew Kaplan, Peter Loughran, Paul Rodel and Devon Klein ( October 7, 2019, 3:50 PM EDT) -- On Sept. 25, the U.S. Securities and Exchange Commission adopted new Rule 163B under the Securities Act which permits oral and written communications between prospective issuers and certain potential investors prior to or following the filing of a registration statement, to determine whether such potential investors might have an interest in a contemplated registered securities offering....

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