On September 8, the Securities and Exchange Commission ("SEC") proposed a rule to exempt certain communications involving security-based swaps from the registration requirements of the Securities Act of 1933 (the "Securities Act"). The proposed Rule 135d would apply to the publication or distribution of price quotes for security-based swaps and any guarantees of such swaps that may be purchased only by eligible contract participants.

Continue reading: SEC Proposal Would Exempt From Registration Some Communications Involving Swaps