The JOBS Act and Regulation Crowdfunding Rules
On April 5, 2012, President Barack Obama signed into law the Jumpstart Our Business Startups Act (JOBS Act, for short, which gives you an idea of what the government seeks to achieve with this statute).*
The act, described by one early commentator as a “dog’s breakfast,” is an eclectic combination of law changes designed to make it easier for emerging growth companies to raise capital without having to deal with the sometimes onerous requirements of federal and state securities laws.
The JOBS Act is divided into six sections, or titles, each of which addresses a specific area of securities law compliance for different types of companies. Some of these titles do not refer directly to crowdfunded ...