The new rule will allow the expansion of the “test-the-waters” that involves startups to include all issuers to include investment company issuers. The proposal will enable every prospective issuer to test the market interest for proposed IPOs or proposed registered securities offerings, including Initial Coin Offerings (ICOs) by giving room for interaction with particular investors

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Source and More information: SEC Wants to Expand its “Test-the Waters” Reforms to Include All IPO Issuers

Author: BTCManager.com