Smooth Sailing Proposed SEC regulations

If you're sailing your business toward an initial publicoffering (IPO), be aware of the Aircraft Carrier on the horizon.Launched by the U.S. Securities & Exchange Commission (SEC),the Aircraft Carrier is more than 500 pages of regulatory proposalsaimed at modernizing the U.S. Securities Act of 1933.

In an effort to streamline and accelerate the registrationprocess for public offerings, the SEC has proposed that:

1. restrictions be relaxed on communications sent out around thetime of an offering;