SEC Amends Capital-Raising Rules
November 4, 2020 by Melanie Waddell
The Securities and Exchange Commission voted Monday to amend its capital-raising rules for small and medium-sized businesses.
“For many small and medium-sized business, our exempt offering framework is the only viable channel for raising capital. These businesses and their prospective investors must navigate a system of multiple exemptions and safe harbors, each with different requirements,” said SEC Chairman Jay Clayton in a statement. “While each component in this patchwork system makes some sense in isolation, collectively, there is substantial room for improvement.”