Finally! SEC Approves Rule to Assist Companies Raising Capital

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Finally! SEC Approves Rule to Assist Companies Raising Capital

by Dan Brecher on July 25, 2013

As required by the JOBS Act, the Securities and Exchange Commission (SEC) finally enacted rules to allow for general solicitation of private security offerings. The move is good news for early stage and emerging companies, as it will open the door to billions of dollars in new funding.

The new rule specifically amends Rule 506 of Regulation D of the Securities Act of 1933. “Reg D” is the most commonly relied upon exemption to SEC registration and was responsible for more than $1.3 trillion in funding in 2012.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Daniel Brecher, Scarinci Hollenbeck | Attorney Advertising

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