SEC plans June 29 vote on 'quiet period'

The U.S. Securities and Exchange Commission plans an open meeting on June 29 to vote on rules to let companies talk more freely about public stock offerings, said sources familiar with the matter on Friday.

The rules -- which would largely end the so-called "quiet period" before stock offerings -- are expected to win unanimous approval. SEC Chairman William Donaldson is scheduled to step down the next day as the nation's top securities regulator.

See full Article.