SEC votes to propose rules to spur more public stock deals
The Securities and Exchange Commission voted unanimously on Wednesday to propose new rules that would allow start-ups to raise more money through public stock deals without costly registration requirements.
The public will get 60 days to submit feedback on the proposed rule, which stems from the 2012 Jumpstart Our Business Startups (JOBS) Act.
The rule would let companies raise up to $50 million in so-called Regulation A stock offerings, versus just $5 million under current rules. Any deal above $5 million would also be exempted from oversight by state regulators.