Elisse Walter, who will take over as chairman of the SEC in a few days, wants to include more investor protections in a JOBS Act provision that will lift the ban that keeps small companies from openly soliciting investors for private offerings or advertising the deals.
In a speech last month during an SEC government-business forum, Walter wondered aloud if it makes sense to place some limits on the forms of solicitation that would be allowed, or if the SEC should reconsider how it defines the accredited investors that can be targeted with such offerings.
