Small businesses will be able to identify and communicate with prospective investors with potentially more ease and less regulatory oversight following the adoption of rules required under the Jumpstart our Business Startups Act, colloquially known as the JOBS Act.
Significant changes in the private placement rules of Regulation D, Rule 506 are imminent, as Title II of the new legislation requires the Securities and Exchange Commission to write and release new rules by July 4 implementing the legislative changes. In recent years, Rule 506 has generally been the most popular private placement financing method for start-up entrepreneurs given its flexibility to permit a small number of non-accredited investors and no limitation in the amount of funds raised over an extended period of time.
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