--- title: "Vital Signs #64: SEC Lifts Band on General Solicitation" description: The SEC voted in favor of section 201(a) of the JOBS Act which lifts the ban on general solicitation image: https://www.sjordanassociates.com/hs-fs/file-31890069-jpg/images/hx-portal-resized-600.jpg --- ![](https://www.sjordanassociates.com/hs-fs/file-31890069-jpg/images/hx-portal-resized-600.jpg) # Vital Signs #64: SEC Lifts Band on General Solicitation Published by [ Scott Jordan ](https://www.sjordanassociates.com/blog/author/scott-jordan) on Wed, Jul 10, 2013 @ 01:20 PM ![General Solicitation](https://www.sjordanassociates.com/hs-fs/file-31890069-jpg/images/hx-portal-resized-600.jpg) [http://techcrunch.com/2013/07/10/sec-general-solicitation-ban-lifted/](http://techcrunch.com/2013/07/10/sec-general-solicitation-ban-lifted/) The SEC voted in favor of section 201(a) of the JOBS Act (The Jumpstart Our Business Act) which lifts the ban on general solicitation and permits startups, venture capitalists, and hedge funds to openly advertise they are raising money in private offerings. Investment is still limited to accredited investors worth more than $1 million liquid net worth, and fundraisers must take reasonable steps to ensure investors are in fact accredited. Major implications of the approval include: Makes it significantly easier for companies to raise capital to start or continue financing a business General solicitation will broaden the investment pool to investors outside the insular world of Silcon Valley General solicitation will make it easier for investors to find companies they are passionate about supporting Ability to advertise fundraising could spawn high-impact startups that never would have existed outside of Silicon Valley   The SEC is still to rule on Title III of the JOBS Act, Crowdfunding       Tags: [Crowdfunding](https://www.sjordanassociates.com/blog/topic/crowdfunding), [JOBS Act](https://www.sjordanassociates.com/blog/topic/jobs-act), [General Solicitation](https://www.sjordanassociates.com/blog/topic/general-solicitation) [Back to Blog](https://www.sjordanassociates.com/blog) - [Tweet](https://twitter.com/share) ## Related Articles ## [Vital Signs #128: The Uber of Healthcare](https://www.sjordanassociates.com/blog/bid/403894/Vital-Signs-128-The-Uber-of-Healthcare) Go2Nurse Registers Offering with SEC CHICAGO – March 9, 2015 – According to Forbes Magazine,... [Read More ](https://www.sjordanassociates.com/blog/bid/403894/Vital-Signs-128-The-Uber-of-Healthcare) ## [Vital Signs #134: The Reg A+ Bombshell](https://www.sjordanassociates.com/blog/bid/404422/Vital-Signs-134-The-Reg-A-Bombshell) [Read More ](https://www.sjordanassociates.com/blog/bid/404422/Vital-Signs-134-The-Reg-A-Bombshell) ## [Citigroup Selling $377 Million of Bonds Backed by Prosper Loans ](https://www.sjordanassociates.com/blog/bid/406535/Citigroup-Selling-377-Million-of-Bonds-Backed-by-Prosper-Loans) by Tracy AllowayNoah BuhayarDakin Campbell [Read More ](https://www.sjordanassociates.com/blog/bid/406535/Citigroup-Selling-377-Million-of-Bonds-Backed-by-Prosper-Loans)