Council of Institutional Investors

Event Calendar

Wednesday, August 21, 2019

Webinar: Have the Exemptions Swallowed the Rules? Restoring Public Markets

Start Date: 8/21/2019 11:00 AM EDT
End Date: 8/21/2019 12:00 PM EDT


Organization Name: Council of Institutional investors

Contact:
Michael Miller
Email: michael@cii.org
Phone: 202.822.0800

The Securities Act of 1933 requires that every offer and sale of securities be registered with the SEC, unless an exemption is available. Registration is meant to provide investors with full and fair disclosure of material information so they can make their own informed investment and voting decisions. Congress recognized, however, that in certain situations there is no practical need for registration or the public benefits of registration are too remote. As a result, the Securities Act contains a number of exemptions from its registration requirements and authorizes the commission to adopt additional exemptions.
 
In June, the commission issued a concept release seeking "comment on possible ways to simplify, harmonize, and improve the exempt offering framework to promote capital formation and expand investment opportunities while maintaining appropriate investor protections." The comment period for the release runs through September 24.

In this webinar, Tyler Gellasch, executive director of the Healthy Markets Association, will provide background on, and an overview of, the release and will share his views on how issues raised in the release affect institutional investors.