Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

SEC's Final Regulations for Implementing JOBS Act Crowd-Funding Capital Raising

By Thomas D. Selz
May 02, 2015

In December 2013, the U.S. Securities and Exchange Commission (SEC) issued draft regulations for implementing Title IV of the JOBS Act in order to expand the potential use of Regulation A in offerings to raise capital. The draft regulations carried forward the old Regulation A with its limit of $5 million, as a so-called “Tier 1″ offering. But because the old Reg. A was rarely used, a proposed new “Tier 2″ offering option to raise up to $50 million quickly came to be referred to as Regulation A+.

On March 25, 2015, the draft regulations were finalized. They become effective on June 19, 2015. The new regulations offer a way for an issuer to run an Internet-based, crowd-funding securities offering to both accredited and non-accredited investors. Because the SEC made significant changes in the final regulations when compared to the draft regulations, creating significant differences between a Tier 1 and a Tier 2 offering, it now seems more appropriate to refer to a “Tier 1″ offering and a “Tier 2″ offering, rather than to a “Regulation A” and a “Regulation A+” offering.

This premium content is locked for Entertainment Law & Finance subscribers only

  • Stay current on the latest information, rulings, regulations, and trends
  • Includes practical, must-have information on copyrights, royalties, AI, and more
  • Tap into expert guidance from top entertainment lawyers and experts

For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473

Read These Next
Bankruptcy Sales: Finding a Diamond In the Rough Image

There is no efficient market for the sale of bankruptcy assets. Inefficient markets yield a transactional drag, potentially dampening the ability of debtors and trustees to maximize value for creditors. This article identifies ways in which investors may more easily discover bankruptcy asset sales.

Law Firms are Reducing Redundant Real Estate by Bringing Support Services Back to the Office Image

A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.

Bit Parts Image

Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights

Risks of “Baseball Arbitration” in Resolving Real Estate Disputes Image

“Baseball arbitration” refers to the process used in Major League Baseball in which if an eligible player's representative and the club ownership cannot reach a compensation agreement through negotiation, each party enters a final submission and during a formal hearing each side — player and management — presents its case and then the designated panel of arbitrators chooses one of the salary bids with no other result being allowed. This method has become increasingly popular even beyond the sport of baseball.

One Overlooked Element of Executive Safety: Data Privacy Image

Executives have access to some of the company's most sensitive information, and they're increasingly being targeted by hackers looking to steal company secrets or to perpetrate cybercrimes.