SEC Adopts Rules to Modernize Exempt Offerings to Promote Capital Raising

November 19, 2020

On November 2, 2020, the Securities and Exchange Commission amended its rules to modernize and harmonize its exempt offerings framework to promote capital raising while preserving investor protections. The SEC recognized the growing appeal of private investments and the existing complexity of its exempt offering framework and adopted this comprehensive and integrative framework to broaden access to capital markets for issuers and to the exempt offering market for investors. The amendments will impact offerings under Section 4(a)(2), Regulation D, Regulation S, Regulation A, Regulation Crowdfunding and all other exempt private offerings.

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