What Did The JOBS Act Do? What’s Final?

There are three different sets of rules and institutions/persons defined under the JOBS Act, and rules are in place for two out of three. These are:  (a) Persons and organizations interested in private placement of securities. Rule 506 has been amended to allow public announcement of such opportunities, which means that if you limit investments…

Business Broker Deregulation Passes House

HR 2274 passed US House 422-0 on January 14, 2014. It Exempts merger and acquisition brokers from SEC “Broker-Dealer” registration requirements. Companion Senate legislation, S. 1923, is pending in the Senate. Current law requires business brokers to limit participation in negotiation of any terms of sale if owner earn-outs, stock purchases instead of asset purchases, or any…

New SEC Crowdfunding Rules

The US Securities and Exchange Commission has proposed rules for crowdfunding offerings and exchanges (“portals”). US based companies could raise up to $1 million per year with limited disclosures, of types defined by the new rules, and with amounts that could be sold to individual investors limited by the investor’s income. Crowdfunding portals would provide…