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Corporate partner Christopher S. Auguste was quoted in a PIPEs Report article about the "Private Investment in Public Equity" report that Kramer Levin underwrote and co-published with Rodman & Renshaw. The survey found that most expect deal flow to increase in the next 12 to 18 months. Auguste was quoted as saying that more deal are being discussed as regulatory changes will help drive PIPE investing. SEC rules for registered directs and S-3 offerings were changes in 2008 as a way to make offerings easier on the issuer and more liquid for investors. Those changes, said Auguste, were going to be positive, but the decline in the market halted any upswing in the PIPEs market.