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JOBS Act Update: Equity Crowdfunding Will Have to Wait

article Crowdfunding
JOBS Act Update: Equity Crowdfunding Will Have to Wait
Description Yesterday, the SEC met to “consider whether to propose rules to eliminate the prohibition against general solicitation and general advertising in securities offerings conducted pursuant to Rule 506 of Regulation D under the Securities Act and Rule 144A under the Securities Act, as mandated by Section 201(a) of the Jumpstart Our Business Startups Act.”

During the 45 minutes meeting, the majority of commissioners voted in favor of proposing rules to eliminate the prohibition against general solicitation and general advertising in rule 506 and rule 144a offerings.

SOURCE LINK to full article: http://www.prweb.com/releases/2012/8/prweb9854403.htm
Tags: Crowdfunding, Crowdsourcing, Jobs Act, Navocate, Navocate Business Sales and Acquisitions, SEC
Fiona Mares Posted by Fiona Mares
Aug 31, 2012 12:56 am GMT Viewed 1074 times
Author: Navocate Business Sales and Acquisitions Source
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