SEC Seeks Comments on Proposed Rules to Require Notice Filings in Connection with Tier 2 Securities Offerings under Federal Regulation A
The SEC filed final rules providing for a federal exemption from registration requirements for offerings of securities of up to $50 million annually as authorized by the JOBS Act of 2012.
These rules adopted a definition of "qualified purchaser" pursuant to Securities Act Section 18(b)(3) that extends to "any person to whom securities are offered or sold" in Tier 2 offerings of up to $50 million under federal Regulation A.