Tag: Rule 701

The Financial CHOICE Act would dismantle a whole lot more in Dodd-Frank than just financial regulation

by Cydney Posner There has been a fair amount of press regarding the Financial CHOICE Act, a new bill sponsored by Jeb Hensarling, Chair of the House Financial Services Committee. The actual bill has not yet been released, but an executive summary is available.  Most of the press attention has […]

SEC adopts final rule amendments completing rulemaking mandate under the JOBS Act

by Cydney Posner Yesterday, the SEC adopted final rule amendments to implement certain sections of the JOBS Act and the FAST Act. The amendments were adopted substantially as proposed in December 2014 (and once again without holding an open SEC meeting).  The amendments revise SEC rules to reflect the new, […]

Senate bill introduced to raise Rule 701 disclosure threshold

by Cydney Posner Senators Pat Toomey (R., PA) and Mark Warner (D., VA) have introduced Senate Bill 576, the ‘‘Encouraging Employee Ownership Act.’’  The bill would require the SEC, within 60 days after enactment, to raise the threshold in Section (e) of Rule 701, the exemption from registration for privately held […]

SEC proposes rule amendments to conform registration thresholds to JOBS Act thresholds

by Cydney Posner At the end of last week, the SEC issued a press release indicating that it had voted to propose various amendments to implement portions of the JOBS Act.  (In a departure from the norm, the SEC did not hold an open meeting to approve issuance of the […]

New House bills seek to relax some SEC requirements and help reverse the growth in income inequality

by Cydney Posner Hat tip to thecorporatecounsel.net blog for identifying these two new House bills. H.R. 5405, Promoting Job Creation and Reducing Small Business Burdens Act, is intended to relax some additional requirements for Emerging Growth Companies (EGCs), and has been passed by the House. It has some good stuff In […]