We generally view a 'pre-existing' relationship as one that the issuer has formed with an offeree prior to the commencement of the offering or, alternatively, ...
"I believe one can view today’s actions as analogous to long-overdue deferred maintenance on a home where, over time, a few additions have been added ...
"We are adopting targeted improvements to a regulatory scheme that unnecessarily hinders capital formation and unduly restricts investors’ opportunities to participate in economic growth"
"Instead of providing retail investors access to that elusive high return rate, the majority’s steady march of expanding the private markets will only further entrench ...
"The amendments we are considering today would streamline and tailor the exempt offering framework for businesses seeking to raise capital while preserving investor protections"