SEC ramps up JOBS Act implementation

Author: Zoe Thomas | Published: 1 Apr 2015
The SEC has its sights set on the JOBS Act rulemaking finishing line

The US Securities and Exchange Commission (SEC) is ramping up efforts to complete all the rule making tied to the Jumpstart Our Business Startups (JOBS) Act.

The push was part of SEC chair Mary Jo White’s plan for 2015, which she laid out last year at the Securities Industry and Financial Markets Association’s (SIFMA) annual conference.

Last week the regulator finalised the updated version Regulation A (Reg A plus), which allows companies to raise up to $50 million a year from non-accredited investors. It has also publically discussed the possible structure of a public venture exchange to bring greater liquidity to investors in early stage companies.

While some rules from the JOBS Act have been highly successful, others have remained underused. Many components of the statute left to be addressed are those that have little market...