The SEC has issued rule amendments to simplify and harmonize requirements that disproportionately impact small and medium-sized businesses and entrepreneurs seeking exemptions to offerings under the Securities Act.
SEC Release Nos. 33-10884; 34-90300; IC-34082; File No. S7-05-20
The SEC’s final rule seeks to simplify, align and revise the exempt offering framework in several ways:
The amendments are also intended to reduce the complexities and confusion experienced under various requirements and conditions of the current framework, expand investment opportunities and promote access to capital.
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