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Not sure what you are talking about as that phrase does not exist in the JOBS Act. The JOBS act removed restrictions around advertising. If you want to learn mo

Not sure what you are talking about as that phrase does not exist in the JOBS Act. The JOBS act removed restrictions around advertising. If you want to learn more about the restrictions it removed this paper does a nice job of talking about it: https://trace.tennessee.edu/cgi/viewcontent.cgi?article=1256&context=transactions https://trace.tennessee.edu/cgi/viewcontent.cgi?article=1256...

arthurcolle 6y ago
oh, weird. I was reading some web page that was discussing it, and it seemed to indicate the opposite. Summary (from Quora https://www.quora.com/How-do-you-register-an-ICO-with-the-SEC https://www.quora.com/How-do-you-register-an-ICO-with-the-SE...): | The easiest way to make an initial coin offering compliant with the SEC is to file an exemption under Rule 506 of Regulation D. | Reg. D section 506b allows you to raise money from up to 35 non-accredited and unlimited accredited investors, however you cannot advertise. | Reg. D, section 506c allows you to advertise, but only raise money from accredited investors and they must provide evidence or 3rd party verification of being accredited. | These are both great options, but unfortunately they limit your ability to raise capital from non-accredited investors, which is a significant advantage and source of capital for ICO’s. | On April 5, 2012, President Obama signed a landmark piece of bi-partisan legislation called The JOBS Act into law. The JOBS Act greatly expanded entrepreneurs’ access to capital, allowing them to go to the crowd and publicly advertise their capital raises. | Included in the JOBS Act was Regulation A+ which allows the public to invest up to $50M, in a 12 month period, in private companies. This allows startups to use Reg A+ to turn their customers into investors. | Before committing to a Reg. A+ offering, companies are permitted to “test the waters”. This enables companies to gauge the potential success of a Reg. A+ offering and make an educated decision on whether or not to move forward prior to spending time and money on the SEC approval process. Testing the waters can be a low cost and simple way to make sure a Reg. A+ offering makes sense for an ICO. | Because of the costs associated with conducting a Reg A+ offering, it’s most likely not worth it for offerings under $3 million. | In my opinion, Reg. A+ is the perfect middle ground for companies looking to launch an ICO that’s compliant with the SEC, but also available to the general public.

arthurcolle 6y ago

oh, weird. I was reading some web page that was discussing it, and it seemed to indicate the opposite. Summary (from Quora https://www.quora.com/How-do-you-register-an-ICO-with-the-SEC https://www.quora.com/How-do-you-register-an-ICO-with-the-SE...): | The easiest way to make an initial coin offering compliant with the SEC is to file an exemption under Rule 506 of Regulation D. | Reg. D section 506b allows you to raise money from up to 35 non-accredited and unlimited accredited investors, however you cannot advertise. | Reg. D, section 506c allows you to advertise, but only raise money from accredited investors and they must provide evidence or 3rd party verification of being accredited. | These are both great options, but unfortunately they limit your ability to raise capital from non-accredited investors, which is a significant advantage and source of capital for ICO’s. | On April 5, 2012, President Obama signed a landmark piece of bi-partisan legislation called The JOBS Act into law. The JOBS Act greatly expanded entrepreneurs’ access to capital, allowing them to go to the crowd and publicly advertise their capital raises. | Included in the JOBS Act was Regulation A+ which allows the public to invest up to $50M, in a 12 month period, in private companies. This allows startups to use Reg A+ to turn their customers into investors. | Before committing to a Reg. A+ offering, companies are permitted to “test the waters”. This enables companies to gauge the potential success of a Reg. A+ offering and make an educated decision on whether or not to move forward prior to spending time and money on the SEC approval process. Testing the waters can be a low cost and simple way to make sure a Reg. A+ offering makes sense for an ICO. | Because of the costs associated with conducting a Reg A+ offering, it’s most likely not worth it for offerings under $3 million. | In my opinion, Reg. A+ is the perfect middle ground for companies looking to launch an ICO that’s compliant with the SEC, but also available to the general public.