JOBS Act Portal

 

Related practice groups:    Capital Markets   |   Emerging Companies & Venture Capital   |   Corporate

 

The JOBS Act ("Jumpstart Our Business Startups Act") was signed into law by President Obama on April 5, 2012. Some of the sweeping reforms provided by the JOBS Act are effective immediately, while others are subject to rulemaking by the Securities and Exchange Commission. We have created this portal dedicated to the JOBS Act to help you navigate the changing regulatory landscape and to provide updates about rulemaking and other developments under the JOBS Act.

Though short in length, the JOBS Act is designed to provide significant new benefits to emerging companies – both those seeking to go public and those seeking to avoid the public markets. Among other things, the JOBS Act:

  • creates a new class of company contemplating going public, the "Emerging Growth Company," which is able to avail itself of liberalized communications restrictions and scaled disclosure requirements for a period of time, including exemptions from certain provisions of the Sarbanes-Oxley Act and the Dodd-Frank Act, as well as certain audit rules;
  • opens up additional capital raising pathways, subject to restrictions, by
    (1) lifting the prohibition on general solicitation and advertising in certain private placements,
    (2) permitting crowdfunding, and
    (3) increasing the offering amount for Regulation A type offerings from $5 million to $50 million; and
  • raises the threshold level of the number of shareholders above which a company must go public, whether desired or not.


For more information, please contact any of the following attorneys:

» Howard E. Berkenblit  TEL: 617.338.2979
» William C. Hanson  TEL: 617.338.2983


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LATEST UPDATES

January 6, 2016
FAST Act Legislation Eases Capital Raising Restrictions And Seeks To Simplify Disclosure Requirements


August 11, 2015
New SEC Rule to Require Disclosure of Ratio of CEO Compensation to Median Worker Compensation


April 9, 2015
SEC Adopts “Regulation A+” Creating a New Category of Exempt Private Placements

 

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