Regulatory Alerts2016-12-28 | 2016-31286Added · Updated
Changes to Exchange Act Registration Requirements To Implement Title V and Title VI of the JOBS Act; Correction
The Securities and Exchange Commission issued a final rule providing technical corrections to Rule 12g-1 under the Securities Exchange Act of 1934. This amendment precisely reflects the holder of record threshold established by Exchange Act Section 12(g)(1) as modified by the JOBS Act and FAST Act. The corrected rule clarifies that an exemption from registration applies if equity securities were held of record by fewer than 2,000 persons, with fewer than 500 being non-accredited investors.
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