In response to competition from the Eurobond market, the SEC adopted ____in 1990, which allows firms to issue bonds in the U.S.market with minimal regulatory red tape as long as they are sold only to qualified investors (e.g., financial institutions).

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Rule 144A was adopted by the SEC in 1990 to facilitate the easier issuance of bonds in the U.S. market by reducing regulatory requirements, provided these bonds are sold exclusively to qualified investors. This was a response to the competitive pressures from the Eurobond market.

In Response to Competition from the Eurobond Market, the SEC