Regulation A+ of the JOBS Act is a potential game-changer
Tampa, FL (PRWEB) March 19, 2014
JOBS Act lawyer Kendall Almerico's column "The JOBS Act Provision That Could Change IPOs Forever" discusses a provision of the JOBS Act called Regulation A+ that would allow companies to raise up to $50 million through a simplified IPO.
"Regulation A+ of the JOBS Act is a potential game-changer," Almerico says. "A company could raise $50 million under Regulation A+ for a similar cost and nearly the same regulatory compliance required to raise only $1 million under the JOBS Act 'equity crowdfunding' proposed rules."
Almerico says there are opponents to the law who want to take away the right for anyone in the general public to benefit from investing in startup companies under this new regulation. "Special interests such as state securities regulators want to gut this law that Congress passed and the SEC made into a great way for new and emerging businesses to raise money," Almerico says.
Almerico comments, "We are nearing the end of a 60-day comment period where the SEC allows the public to submit its opinions about Regulation A+ online. I asked the commission in my public comment to pass the rules without requiring state compliance and allowing the general public to purchase stock in these offerings."
Almerico says in his Entrepreneur.com article on the topic , "I encourage everyone to submit a comment and to implore the SEC to define “qualified investor” as broadly as possible and to keep a company using Regulation A+ exempt from state Blue Sky laws. "This law could help spur the economy with new businesses and new jobs," Almerico says.
About Kendall Almerico
Kendall Almerico is a crowdfunding and JOBS Act attorney with who is considered one of the top crowdfunding attorneys and experts in the United States. In 2014, Mr. Almerico was named #17 on VentureBeat's Top 30 most influential leaders in the crowdfunding industry. Mr. Almerico and his crowdfunding websites have appeared in USA Today, Forbes, Washington Post, Washington Times, Huffington Post, the New York Daily News, Business Insider, Fox Business Network and hundreds of newspaper, blog, radio and television interviews including CNN, CBS, ABC, NBC, FOX and The Sean Hannity Show.
Mr. Almerico is CEO of Fund Hub (http://www.FundHub.Biz) a web site created by securities lawyers to provide compliance and due diligence services for broker-dealers, issuers, investors and equity crowdfunding portals in connection with Regulation D offerings, JOBS Act offerings and other securities offerings.
Fund Hub (http://www.FundHub.Biz) provides compliance and due diligence services for broker-dealers, issuers, investors and equity portals in connection with Regulation D offerings, JOBS Act offerings and other securities offerings. Fund Hub combines securities industry expertise with state-of-the-art digital tools to affordably provide compliance services and assistance to those raising capital or investing in businesses. Fund Hub fills a significant need in the securities and private financing industry by allowing broker-dealers, investors and issuers to have an economical alternative to compliance service provided by traditional law firms or online companies without the securities industry expertise required for effective SEC compliance.
Kendall Almerico is available for interviews. Contact him at Media(at)FundHub(dot)Biz or call 813.410.4658.