The SEC has just voted in favor of implementing section 201(a) of the JOBS Act, which lifts the ban on general solicitation and permits startups, venture capitalists, and hedge funds to openly advertise that they’re raising money in private offerings. But note that the new rules are not yet effective and the process of offering to the public (limited to accredited investors) needs to be considered carefully. Read more at:
http://techcrunch.com/2013/07/10/sec-general-solicitation-ban-lifted/
http://techcrunch.com/2013/07/10/sec-general-solicitation-ban-lifted/