OTHER NEWS - Oct. 22, 1992

SEC Eases Rules for Raising Money: Federal regulators approved rules making it easier for small business to raise money in the stock and bond markets and for big business to raise money through private stock offerings. The SEC’s decision opens up a money- and time-saving registration process, known as a shelf registration, to about 450 smaller companies. The SEC also voted to widen the definition of big, sophisticated investors who can buy and sell securities on the virtually unregulated private placement market. That is expected to create more opportunities for big companies to sell their securities and raise money. In a shelf registration, a company can register its securities--usually bonds or some other form of debt--in advance and keep them “on the shelf” for up to two years before actually selling them to the public.