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The headline is not quite right. These are rules implementing Title IV of the JOBS Act, which facilitates offerings by small companies subject to certain filing
by matthewmcg 12y ago
The headline is not quite right. These are rules implementing Title IV of the JOBS Act, which facilitates offerings by small companies subject to certain filing and disclosure requirements. The rules for Title III offerings through an internet fundraising platform (the real "crowdfuding" provisions of the JOBS Act) are still pending.
A better headline might be "SEC adopts rules for small public offerings."
- xhrpost 12y agoThank you for that, I was very misled by the title. Can you possibly explain this one bullet point in the text? (Only mention of a non-accredited investor). "A limitation on the amount of securities non-accredited investors can purchase in a Tier 2 offering of no more than 10 percent of the greater of the investor’s annual income or net worth."
- matthewmcg 12y agoCompanies can sell to both accredited and non-accredited investors. But non-accredited investors can't purchase more than the 10% annual income/net worth limit.
- 7Figures2Commas 12y agoThe good news is they can still invest the other 90% in penny stocks!