EMPEROR BRANDS CIGARETTE REVIEW

HERBERT A. GILBERT  1963 ELECTRONIC CIGARETTE PATENT

FACT SHEET
Proposing Amendments to Private Offering RulesSEC Open MeetingJuly 10, 2013BackgroundCurrent Offering Process

Companies seeking to raise capital through the sale of securities must either register the securities offering with the SEC or rely on an exemption from registration. Most of the exemptions from registration prohibit companies from engaging in general solicitation or general advertising - that is, advertising in newspapers or on the Internet among other things - in connection with securities offerings. Rule 506 of Regulation D is the most widelyused exemption from registration.

The proposal is now subject to a 60-day public comment period.
Source  http://www.sec.gov/news/press/2013/2013-124-item3.htm