SEC's Reg A+ Rules Unlikely To Be Derailed By State Suits
Law360, New York (June 19, 2015, 9:06 PM EDT) -- New capital-raising rules that took effect Friday aimed at easing barriers for small companies are unlikely to be derailed by challenges from two states arguing that the U.S. Securities and Exchange Commission wrongfully preempted state regulatory powers in adopting so-called Regulation A+ guidelines, corporate attorneys say.
The rules, authorized by the Jumpstart Our Business Startups Act of 2012, will provide new registration exemptions for businesses to raise up to $50 million in new capital over a 12-month period. This raises the ceiling on the exemptions from a previous $5 million, in hopes of encouraging wider capital formation among young companies....
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