{"id":5393,"date":"2012-12-08T00:00:00","date_gmt":"2012-12-08T06:00:00","guid":{"rendered":"https:\/\/institutionalinvestorsecuritiesblog.blawgcloud.com\/2012\/12\/sec_working_to_create_50m_reg"},"modified":"2022-03-09T16:32:11","modified_gmt":"2022-03-09T22:32:11","slug":"sec-working-to-create-50m-reg","status":"publish","type":"post","link":"https:\/\/www.investorlawyers.com\/blog\/sec-working-to-create-50m-reg\/","title":{"rendered":"SEC Working to Create $50M Reg A Offering Cap to Commissioners ASAP"},"content":{"rendered":"\n<p>According to the SEC Division of Corporation Finance\u2019s Office of Small Business Policy chief Gerald LaPorte, Commission staff are working hard to create under Reg A a new $50 million offering cap as soon as possible, even without a hard deadline. LaPorte, who expressed his own views at a Jumpstart Our Business Startups Act rulemaking panel at the American Bar Association Business Law Section, said that a lot of people had \u201chigh expectations for this exemption.\u201d <\/p>\n<p>Right now, public offerings of up to $5 million get registration exemption under the regulation. Under the JOBS Act\u2019s Title IV, the SEC has to allow for exempt offerings as high as $50 million under Reg A.  <\/p>\n<p>Per LaPorte, the Commission will have plenty of discretion regarding how to put Title IV into effect.  He said that  SEC staff is looking into questions that commenters have sent in via pre-rulemaking letters, including whether reporting companies should be able to apply the new exemption, there should be a periodic reporting regime for the new cap, who should trigger reporting duties, and how similar Reg A reporting should be to crowdfunding reporting. LaPorte said that too many similarities could cause confusion for market participants. <\/p>\n<div class=\"read_more_link\"><a href=\"https:\/\/www.investorlawyers.com\/blog\/sec-working-to-create-50m-reg\/\"  title=\"Continue Reading SEC Working to Create $50M Reg A Offering Cap to Commissioners ASAP\" class=\"more-link\">Continue Reading \u203a<\/a><\/div>\n","protected":false},"excerpt":{"rendered":"<p>According to the SEC Division of Corporation Finance\u2019s Office of Small Business Policy chief Gerald LaPorte, Commission staff are working hard to create under Reg A a new $50 million offering cap as soon as possible, even without a hard deadline. LaPorte, who expressed his own views at a Jumpstart Our Business Startups Act rulemaking [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[4026],"tags":[],"class_list":["post-5393","post","type-post","status-publish","format-standard","hentry","category-jobs-act"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC Working to Create $50M Reg A Offering Cap to Commissioners ASAP &#8212; Investor Lawyers Blog &#8212; December 8, 2012<\/title>\n<meta name=\"description\" content=\"According to the SEC Division of Corporation Finance\u2019s Office of Small Business Policy chief Gerald LaPorte, Commission staff are working hard to create &#8212; December 8, 2012\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.investorlawyers.com\/blog\/sec-working-to-create-50m-reg\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"SEC Working to Create $50M Reg A Offering Cap to Commissioners ASAP &#8212; 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