Tag Archives: JOBS Act

General Solicitation, Where Are You?

Posted on May 7, 2013 by

The Jumpstart our Business Startups Act (JOBS Act) was signed into law on April 5, 2012 and was to (among other things) allow businesses to generally solicit investors for certain securities offerings as well as create guidelines for crowdfunding.  The Jobs Act  required the SEC … Continue reading →

Posted in Crowdfunding, JOBS Act, Reg D 506, Rule 506(c), Securities Offerings | Tagged , , , , , , , | Leave a comment

FINRA’s Crowdfunding Portal Form

Posted on January 18, 2013 by

Are you anxiously awaiting the Crowdfunding final rules? Are you considering operating as a Crowdfunding Portal? If so, you should consider filling out and submitting this form: InterimFormforFundingPortals(1) To help FINRA develop rules that accurately  reflect the funding portal community, … Continue reading →

Posted in Crowdfunding, Emerging Growth Companies, JOBS Act, Social Media | Tagged , , , , , , | Leave a comment

Mary Schapiro to Leave SEC

Posted on November 27, 2012 by

Today, the SEC issued this release announcing that Chairman Mary Schapiro will be leaving the SEC in December. After 4 years, she is one of the longest serving Chairmen and in the past two years brought a record number of … Continue reading →

Posted in JOBS Act, Reg D 506, Rule 506(c) | Tagged , , , , , , , | Leave a comment

Can I Generally Solicit Investors?

Posted on November 7, 2012 by

Not yet! As you know, on August 29, 2012, the SEC proposed rules to eliminate the ban on general solicitation in certain securities offerings. Since then the SEC has been receiving comments and suggestions on its proposed rules; you can … Continue reading →

Posted in JOBS Act, Reg D 506, Rule 506(c), Securities Offerings | Tagged , , , , , , | Leave a comment

Submit your EGC Registration Statement Using EDGAR

Posted on September 26, 2012 by

Starting Monday October 1, 2012, Issuers wishing to submit their draft, confidential emerging growth companies’ (EGC) JOBS Act registration statement will use EDGAR.  This will replace the secure email submission system created earlier this year. The SEC is modifying the … Continue reading →

Posted in Emerging Growth Companies, JOBS Act, SEC Publications | Tagged , , , , , , | Leave a comment

Rule 506 and General Solicitation

Posted on September 10, 2012 by

On August 31, 2012 the SEC issued proposed rules that would eliminate the prohibition against general solicitation and advertising in Rule 506 offerings.  The SEC has requested comments on the proposed rules within 30 days.  You may provide your comments … Continue reading →

Posted in IPO, JOBS Act, Legislation, Reg D 506, Rule 506(c), Securities Offerings, Small Business Management | Tagged , , , , , , , , , , | Leave a comment

SEC Reschedules Open Meeting on JOBS Act

Posted on August 22, 2012 by

If you were anxiously awaiting the guidance to be provided at the SEC’s Open Meeting on the JOBS Act Title II- provisions mandating the removal of the ban on general solicitation and advertising for Rule 506 offerings, then you will … Continue reading →

Posted in Dodd-Frank Act, JOBS Act, Legislation, Reg D 506 | Tagged , , , , , , | Leave a comment

FINRA Redefines Suitability

Posted on July 25, 2012 by

On July 9, 2012, FINRA’s new Rule 2111 became effective. The new Rule requires that a broker-dealer or associated person “have a reasonable basis to believe that a recommended transaction or investment strategy involving a security or securities is suitable … Continue reading →

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JOBS Act and General Solicitation of 506 Offerings

Posted on June 20, 2012 by

The JOBS Act (the “Act”), signed into law on April 5, 2012, promises to have a significant impact on the sales of securities under federal securities laws.  Currently, any issuer intending to rely on the Rule 506 exemption in an … Continue reading →

Posted in JOBS Act, Reg D 506, Securities Offerings | Tagged , , , , | Leave a comment

SEC Seeks Early Public Comments on JOBS Act Rules

Posted on April 25, 2012 by

The SEC has requested  that the public to submit comments and opinions on the provision of the JOBS Act.  They hope the early submission of comments will expedite the rule making process and will ensure consideration of the varying views. … Continue reading →

Posted in Crowdfunding, JOBS Act, Legislation | Tagged , , , | 1 Comment