Regulatory Alerts2015-11-10 | 2015-28219Added
Exemptions To Facilitate Intrastate and Regional Securities Offerings
The Securities and Exchange Commission proposes amendments to Rule 147 to modernize the intrastate offering exemption by eliminating restrictions on general solicitation and easing issuer eligibility requirements. The Commission also proposes to increase the aggregate offering amount limit under Rule 504 of Regulation D from $1 million to $5 million and to disqualify certain bad actors from participating in such offerings. These changes aim to facilitate capital formation for smaller companies while maintaining investor protections through coordination with state securities laws.
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