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SEC wraps up remaining JOBS Act workload

Joe Mont | May 3, 2016

The Securities and Exchange Commission closed the book on its JOBS Act mandates this week.

On April 5, 2012, the Jumpstart Our Business Startups Act was signed into law by President Barack Obama. It required the SEC to write rules and issue studies on capital formation, disclosure and registration requirements. Subsequent rule changes affected Regulation A and Regulation D exemptions, eliminated the longstanding prohibition against general solicitation and advertising in Rule 506 and Rule 144A offerings, and permitting companies to offer and sell securities through crowdfunding as of May 16.

On Tuesday, the Commission, completing its remaining JOBS Act workload, approved amendments to revise the rules related to the...

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