On November 2, 2020, the SEC adopted significant rule amendments to simplify, 
harmonize and improve the exempt offering framework to facilitate capital formation and investment opportunities in startups and emerging companies. The rule amendments were initially proposed in March 2020, and first conceived in a concept release in June 2019. The reforms simplify the integration
Significant Exempt Offering Rule Reforms Approved by SEC to Facilitate Capital Formation
restrictive rules governing exempt offerings have significantly limited their freedom to invest in private offerings and prevented or discouraged issuers from selling them privately offered securities. But in a recently issued