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Senators Urge JOBS Implementation

Posted in Rule 506 Rulemaking

Recently, Senators John Thune and Pat Toomey and a number of other senators joined the chorus urging the Securities and Exchange Commission to move forward with Rule 506 rulemaking.  The letter also expresses concern with any overly prescriptive investor verification test.  This is consistent with letters from the House.  The text of the letter:  http://www.toomey.senate.gov/?p=press_release&id=772.