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SEC adopts slate of JOBS Act amendments

Joe Mont | April 14, 2017

The Securities and Exchange Commission has announced rule amendments that increase the amount of money companies may raise through crowdfunding to adjust for inflation. 

It also approved amendments that provide inflationary adjustments to a threshold used to determine eligibility for benefits offered to “emerging growth companies” under the Jumpstart Our Business Startups (JOBS) Act.

“Regular updates to the JOBS Act, as prescribed by Congress, ensure that the entrepreneurs and investors who benefit from crowdfunding will continue to do so,” Acting Chairman Michael S. Piwowar said in a statement. “Under these amendments, the JOBS Act can continue to create jobs and investment opportunities for the general public.”

Title I of the JOBS Act amended the Securities Act and the Exchange Act to provide several exemptions from a number of shareholder voting, disclosure and other regulatory requirements for... To get the full story, subscribe now.