At an open meeting on October 30, 2015, the Securities and Exchange Commission by a three-to-one vote adopted final rules for equity crowdfunding under Section 4(a)(6) of the Securities Act of 1933, as mandated by Title III of the Jumpstart Our Business Startups Act. The final rules and forms are effective 180 days after publication
Regulation A+
New Regulation A+ Published in Federal Register — Will Become Effective June 19
By Alon Y. Kapen on
The Regulation A amendments adopted by the Securities Exchange Commission on March 25 are being published tomorrow, April 20, in the Federal Register. That means the final rules and form amendments will officially become effective on June 19, 2015 (by rule, 60 days after such publication).
The new Regulation A, referred to widely as…
SEC Adopts Final Reg A+ Rules for Mini Public Offerings of up to $50 Million without Registration
By Alon Y. Kapen on
Posted in blue sky, Capital Markets Reform, Capital Raising, equity, Federal, JOBS Act, Regulation A, Regulation A+, Rule 506
The SEC yesterday issued its highly anticipated final rules amending Regulation A to allow issuers to raise up to $50 million in any 12 month period through public offering techniques but without registration with the SEC or state blue sky authorities. The 453 page rules release features a scaled disclosure regime to provide issuers with…