JOBS and Investor Confidence Act of 2018

JOBS and Investor Confidence Act of 2018 JOBS 3.0, as it is widely referred to, significantly expands opportunities to raise capital, including: ·         Expands the definition of “accredited investor” to include (i) a family office with assets of at least $5 million and managed by a person with relevant knowledge and experience; and (ii) adding natural persons who, though not meeting income or net worth requirements, have education or job experience sufficient to demonstrate relevant professional knowledge. ·         Allows general solicitation by governmental entities, angel investor groups, colleges and universities, nonprofit groups, venture groups to advertise and solicit persons to attend issuers’ presentations or other events subject there being no specific information regarding a security offering and the sponsor neither making recommendations nor receiving compensation. (This provision is referred to as the HALOS Act …Helping Angels Lead Our Startups).

MKG Enterprises Corp, Self Directed IRA Provider JOBS and Investor Confidence Act of 2018 March 11, 2019 at 9:11 am
$0
Pledged of $50,000,000 goal
0
Backers
  • Description
  • Updates
  • FAQ
  • Comments
  • Backers

JOBS and Investor Confidence Act of 2018

JOBS 3.0, as it is widely referred to, significantly expands opportunities to raise capital, including:

·         Expands the definition of “accredited investor” to include (i) a family office with assets of at least $5 million and managed by a person with relevant knowledge and experience; and (ii) adding natural persons who, though not meeting income or net worth requirements, have education or job experience sufficient to demonstrate relevant professional knowledge.

·         Allows general solicitation by governmental entities, angel investor groups, colleges and universities, nonprofit groups, venture groups to advertise and solicit persons to attend issuers’ presentations or other events subject there being no specific information regarding a security offering and the sponsor neither making recommendations nor receiving compensation. (This provision is referred to as the HALOS Act …Helping Angels Lead Our Startups).

·         Amends Section 12(g) of the ’34 Act so that crowdfunded entities with a market capitalization under $75 million (or if zero less than $50 million annual revenues) are unconditionally exempt from registration.

 

This site uses Akismet to reduce spam. Learn how your comment data is processed.

In the United States, to be considered an accredited investor, one must have a net worth of at least $1,000,000, excluding the value of one's primary residence, or have income at least $200,000 each year for the last two years (or $300,000 combined income if married) and have the expectation to make the same amount this year. The term "accredited investor" is defined in Rule 501 of Regulation D of the U.S. Securities and Exchange Commission (SEC) Dismiss