US SEC votes to propose rules to spur more public stock deals
WASHINGTON Dec 18 (Reuters) - The U.S. Securities and Exchange Commission voted unanimously on Wednesday to propose new rules that would allow start-up companies to raise more money through public stock deals without facing costly registration requirements.
The public will get 60 days to submit feedback on the proposed rule, which is a requirement that stems from the 2012 Jumpstart Our Business Startups (JOBS) Act.
Under the plan, companies would be able to raise up to $50 million in so-called "Regulation A" stock offerings, compared with just $5 million under today's rules. Any deal above $5 million would also be exempted from oversight by state regulators.
- Exclusive: Malaysia plane probe narrows on mid-air disintegration - source
- Radar showed missing plane may have turned back: Malaysia military
- Missing Malaysian jet may have disintegrated in mid-air: source |
- Malaysian plane presumed crashed; questions over false IDs |
- Merkel raps Putin as Russian forces tighten grip on Crimea |