If the SEC keeps its proposed Regulation A+ rules intact, I will give this JOBS Act provision an A+ grade
Tampa, FL (PRWEB) March 16, 2014
Crowdfunding attorney 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.
"Depending on how the SEC rules look when finalized, raising $50 million under Regulation A+ could have a similar cost and require nearly the same regulatory compliance required to raise only $1 million under the JOBS Act 'equity crowdfunding' proposed rules," crowdfunding expert Almerico says. "If the SEC keeps its proposed Regulation A+ rules intact, I will give this JOBS Act provision an A+ grade."
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." He adds, "People should submit their own comment until March 24."
Almerico says in the Entrepreneur.com article, "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."
About Kendall Almerico
Kendall Almerico is a crowdfunding and JOBS Act attorney with who is considered one of the top crowdfunding experts and influencers 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.
Mr. Almerico is also the CEO of ClickStartMe, a site that provides individuals and businesses with an easy-to-use website to raise funds through online crowd funding.
Mr. Almerico is also the founder of Crowd It Forward, a charity-based site that performs “Random Acts of Crowdfunding” and raises money for people in need through a 501(c)(3) charitable foundation.
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.