Up In The Air: JOBS Act Effect On Private Equity
Law360, New York (May 17, 2012, 1:02 PM ET) -- The Jumpstart Our Business Startups Act (the JOBS Act) was enacted in April 2012 to promote job creation by facilitating startup and middle-market capital formation. In it, Congress called upon the U.S. Securities and Exchange Commission, through rulemaking, to liberalize the law in three broad areas: Initial public offerings by companies with revenues of less than $1 billion, securities offerings directed exclusively to accredited investors and raising small amounts of capital from large numbers of non-accredited investors through a process that has come to be known...
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