SEC Proposes New Rules Under The JOBS Act

The SEC issued proposed new rules under the JOBS Act to, inter alia:

  • change the registration/deregistration requirements under the Securities Exchange Act of 1934,
  • determine who is an “accredited investor” as of the last day of the fiscal year for purposes of the ’34 Act,
  • state that certain shares are not “held of record” for purposes of registering under the ’34 Act, and
  • creating a safe harbor for persons receiving securities under a company’s compensation plan under ’33 Act Rule 701(c).

See the release: http://www.sec.gov/rules/proposed/2014/33-9693.pdf

About JeffKoeppel

I am a corporate/securities attorney in the Washington, DC area. Prior to joining the firm, I was a Senior Attorney Advisor in the Division of Corporation Finance at the U.S. Securities and Exchange Commission. I am a member of the Bars of the States of Maryland, New York and the District of Columbia. You can also follow this blog on LinkedIn at: http://www.linkedin.com/pub/jeffrey-a-koeppel/0/63/5a9
This entry was posted in Congress, Crowd Fund Act, Crowd Fund Act of 2012, Crowd Funding At the Margins, Crowd Funding Platforms, Funding Portals, Investments, Jobs, Legislative Intent, SEC, Small Business, Venture Capital, Wall Street and tagged , , , , , , , , , , , , , , , , , , , , , , , . Bookmark the permalink.

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