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SEC Proposes Expansion of “Testing the Waters” Accommodation

Alert February 25, 2019

SEC Proposes Expansion of “Testing the Waters” Accommodation

February 25, 2019, Covington Alert

On February 19, 2019, the Securities and Exchange Commission (the “SEC”) proposed a new rule under the Securities Act of 1933 (the “Securities Act”) that would expand issuers’ ability to gauge potential investor interest in registered securities offerings.

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