Wednesday, September 17, 2014

SEC and SBA Join Forces to Teach Entrepreneurs About JOBS Act

[This story previously appeared in Securities Regulation Daily.]

By Matthew Garza, J.D.

The SEC and the U.S. Small Business Administration announced that they will jointly host events to teach small business owners and entrepreneurs about new options for raising capital under the JOBS Act. A press release from the SEC did not specify the number of events to be held but said they are designed for existing and aspiring small businesses and will focus on new options for raising capital that are and will become available.

The events will discuss advertising options available since the SEC lifted the ban on general solicitation in Rule 506 and Rule 144A offerings in July 2013, and proposed rules intended to allow firms to offer and sell securities through crowdfunding.

The events will feature SEC staff from the Office of Small Business Policy, the Office of Investor Education and Advocacy, the Office of Minority and Women Inclusion, as well as the SBA’s Office of Investment and Innovation, and Office of Entrepreneurial Development. Representatives from these offices will be available to answer questions from attendees.

The first event will be held on September 25 from 2:00 – 4:00 p.m. at the University of Baltimore, Merrick School of Business Atrium & Auditorium. Registration is available at the SBA website.

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