Will firms believe they have too much to lose?
By John Puccio
Now that the party on Madison Avenue is starting to wind down, perhaps it’s a good time to take a sober look at what the SEC actually announced on July 10th.
Everyone is painfully aware of how long it has taken for the SEC to decide a final rule on lifting the general solicitation ban for most private security offerings. Frankly, new SEC chair Mary Jo White deserves the credit for getting done what Mary Schapiro refused