On Sept. 23, the Securities and Exchange Commission (SEC) lifted an 80-year-old, Depression-era ban to permit companies to solicit the public for capital, Columbus Business First reports. Implementation details are still being worked out, so the extent of the changes remains to be seen. The measure is part of the federal Jumpstart Our Business Startups (JOBS) Act – a 2012 law that relaxed certain SEC regulations so as to encourage funding for small businesses and entrepreneurs (See our March 29, 2012, blog post for more information). Supporters say the changes will create prosperity by allowing grassroots fundraising to flourish, while dissenters maintain that, among other concerns, the cost of compliance will make crowdfunding inaccessible to startups and small businesses. For more, read the full story.
SEC lifts ban, allows companies to solicit the public for capital
