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July 10, 2013 07:27 pm GMT
The SEC has just voted 4 to 1 in favor of implementing section 201(a) of JOBS Act, which lifts the ban on general solicitation and permits startups, venture capitalists, and hedge funds to openly advertise that they're raising money in private offerings. While it may pose risks to investors, it should make it easier for companies to raise capital to start or continue financing a business.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/utZunFuqVGM/
SEC Lifts Ban On General Solicitation, Allowing Startups To Advertise That They're Fundraising
The SEC has just voted 4 to 1 in favor of implementing section 201(a) of JOBS Act, which lifts the ban on general solicitation and permits startups, venture capitalists, and hedge funds to openly advertise that they're raising money in private offerings. While it may pose risks to investors, it should make it easier for companies to raise capital to start or continue financing a business.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/utZunFuqVGM/
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