On June 19, new rules by the Securities and Exchange Commission that update and expand Regulation A went into effect. The updated exemption, commonly known as “Regulation A+,” enables smaller companies to offer and sell up to $50 million of securities in a 12 month period, subject to eligibility, disclosure and reporting requirements.
On Tuesday, the SEC’s Division of Corporation Finance addressed some initial questions about the changes with 11 new Compliance and Disclosure Interpretations (182.01 through 182.11).
