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1. the only time the pre-prospectus info can differ from the prospectus is before the prospectus is filed. 2. the only people that can legally receive the pre-prospectus information are qualified investors (accredited) or institutions, who supposedly can take care of themselves. 3. if you don't want to read the prospectus but want other information that's "guaranteed" to match the prospectus and you are an individual investor, just read the information that is provided after the prospectus is filed (which is all you should be able to get your hands on anyway, absent the above exclusions).



Section 201 of HR 3606 says

> Not later than 90 days after the date of enactment of this Act, the Securities and Exchange Commission shall revise subsection (d)(1) of section 230.144A of title 17, Code of Federal Regulations, to provide that securities sold under such revised exemption may be offered to persons other than qualified institutional buyers, including by means of general solicitation or general advertising...

http://www.govtrack.us/congress/bills/112/hr3606/text

They no longer have to limit their pre-prospectus info to qualified investors - it is now wide open to advertising to everyone. And instead of only selling to qualified investors, they now can sell to anyone that the seller reasonably believe is a qualified institutional buyer. I can imagine the conversations now: "I can only sell to qualified investors wink, so since you want to buy it, I believe that you are a qualified investor!"




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