Help is on its Way: JOBS Act Amendments Adopted by SEC

Documents Legal Attorney Signature Jurist

On April 5, 2012, President Obama signed the Jumpstart Our Business Startups Act (JOBS Act) into law. This law, which eased many U.S. securities regulations, was created to help encourage funding of small businesses.

Five years later, on April 5, 2017, the SEC announced that it has adopted amendments to increase the amount of money companies can raise through crowdfunding. Taking inflation into consideration, it also adjusted a threshold used to determine eligibility for benefits offered to “emerging growth companies” (EGCs) under the JOBS Act. The Commission updated these thresholds as part of the requirement to make inflation adjustments to certain JOBS Act rules at least once every five years.

“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,” said SEC Acting Chairman Michael S. Piwowar. “Under these amendments, the JOBS Act can continue to create jobs and investment opportunities for the general public.”

The new thresholds will become effective upon their publication in the Federal Register.

To learn more about the JOBS Act and crowdfunding, as well as SEC regulations that you must take into consideration, contact Jacko Law Group, PC at (619) 298-2880, or email info@jackolg.com.  Thank you.

Advertisements

Leave a comment

Filed under Investment Advisers, SEC

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s