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SEC AGENDA FOR VOTE ON LIFTING BAN ON ADS BY HEDGE FUNDS

     (The following press release from SEC was received by e-mail. The sender 
verified the statement.) 
Fact Sheets are attached explaining the staff’s recommendations to the 
Commission at today’s open meeting … 
Item 1: Eliminating the Prohibition on General Solicitation and General 
Advertising in Certain Offerings 
Commission will consider whether to adopt a Congressionally-mandated rule that 
would lift an existing restriction on companies seeking to raise capital 
through a general solicitation or general advertising in certain securities 
offerings conducted under Rule 506. 
Item 2: Disqualification of Felons and Other “Bad Actors” from Rule 506 
Offerings 
Commission will consider whether to adopt a rule that would disqualify felons 
and other bad actors from participating in certain securities offerings. 
Item 3: Proposing Amendments to Private Offering Rules 
In connection with the SEC’s consideration today of adopting a 
Congressionally-mandated rule to lift the ban on general solicitation in 
certain private offerings, the Commission will consider a proposal that would 
enable it to collect additional data on how the new rule affects the private 
offering market and the offering practices that develop under the new rule.  
The proposal would address certain concerns raised by investors in connection 
with this new rule. 
-KC