Tag Archives: JOBS Act

SEC Update 2013: The JOBS Act one year later – and the latest SEC rulemaking,

Background

 Securities Act of 1933 becomes law.

Section 5 of the Act makes it unlawful to offer or sell securities (subject to certain exemptions) unless a registration statement has been declared effective by the SEC.

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ILN Today Post

THE JOBS ACT EASES REGISTRATION REQUIREMENTS AND RESTRICTIONS

The Jumpstart Our Business Startups (JOBS) Act, which was signed by President Obama
on April 5, 2012, could significantly improve fundraising prospects for many businesses.

BACKGROUND
The regulatory requirements currently affecting financing efforts by companies in the United States are often characterized as overly burdensome and expensive, discouraging entrepreneurship and economic growth. The JOBS Act promises to alleviate some of these
regulatory burdens by loosening registration requirements under the Securities Act of 1933 (the Securities Act), and the Securities Exchange Act of 1934 (the Exchange Act). More…

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ILN Today Post

ON YOUR MARK, GET SET, JUMPSTART: THE NEW JOBS ACT AIMS TO OPEN DOORS FOR SMALL COMPANIES

On April 6, 2012, President Obama signed into law the Jumpstart Our Business Startups (JOBS) Act, which is intended to facilitate job growth by increasing access to private and public capital.

The JOBS Act can be broken into five principal subparts: More…

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JOBS Act Provides Encouragement for Start-Ups and Emerging Growth Companies

On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act or JOBS Act.  In light of the sharp decline in the number of companies entering the U.S. capital markets through IPOs over the last ten years, Congress recognized a need for this legislation since small companies are critical to economic growth and job creation.  To promote growth and assist small companies in gaining access to capital, the JOBS Act amends the securities laws in several ways, which include the following:

(i)                  Establishes a new category of issuers known as “Emerging Growth Companies” (EGCs) which are issuers that have total annual gross revenues of less than $1 billion (after December 8, 2011).  EGCs  are exempt from certain regulatory requirements until the earliest of the date (a) five years from the date of their IPO, (b) they have $1 billion in annual gross revenue or (c) they become a large accelerated filer (i.e. a company with worldwide public float of $700 million or more);

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