On April 5, 2012, President Obama signed into law the Jumpstart Our Businesses Startups Act (the "JOBS Act"). This bipartisan legislation is designed to stimulate job growth by making it easier and less costly for smaller companies to raise capital in the United States through a loosening of regulatory restrictions applicable to private offerings, initial public offerings and certain newly public companies.
To help you navigate the new regulations, such as the general solicitation rules, and understand how they apply to your business, this site serves as a dedicated resource for up to date and easy to find JOBS Act information, analysis and commentary.
On July 10, 2013, the U.S. Securities and Exchange Commission adopted new rules that repeal the ban on general solicitation for many private offerings of securities. This will dramatically expand the scope of permitted fundraising activities for many types of investment funds, start-ups and operating companies. It will also make the Internet an integral part of many fundraising efforts. However, there are limitations and trade-offs, and a host of open questions. The client alerts below explain these new rules and what it means for you.
Understanding the JOBS Act
Laws and Regulations
Regulatory Guidance and Notices