SEC/Corporate -

SEC Releases Rule 504 Small Entity Compliance Guide for Issuers -

The Securities and Exchange Commission recently released a Small Entity Compliance Guide for Issuers, which provides a brief summary of Rule 504 of Regulation D and its requirements. Rule 504 provides an exemption from the registration requirements under the Securities Act of 1933 for private issuers. As discussed in the November 4, 2016 edition of the Corporate & Financial Weekly Digest, Rule 504 was recently amended to, among other things, increase the aggregate amount of securities that may be offered and sold by an issuer in a 12-month period from $1 million to $5 million. As a reminder, amended Rule 504 is now effective and available for capital raising efforts by eligible companies.