In their recent Westlaw Today article, Goodwin partners David H. Roberts and John Servidio and counsel Chloe Pletner offer several targeted reforms to Regulation A that would strengthen its effectiveness as a capital-raising tool for small businesses. The SEC (U.S. Securities and Exchange Commission) and Congress can provide investors with increased access to emerging companies that historically have raised capital from institutional investors in private markets and can continue to support small business capital formation in the public markets by expanding and modernizing Regulation A. This article provides a number of ways Regulation A could be improved as a capital-raising tool for US companies to build critical mass. In March 2015, the SEC adopted amendments to Regulation A that expanded the Tier 2 Regulation A exemption from the Securities Act of 1933 registration for public offerings up to $50 million in any rolling 12-month period, as mandated by Title IV of the Jumpstart Our Business Startups Act.
Read the full analysis: “It is time to revisit Regulation A” (Westlaw Today)