SEC Securities Act Rules Simplified, Improved

By: Bryan K. Prosek

Published: November 13, 2020

The SEC amended the rules under the Securities Act of 1933 (“Act”) to simplify, harmonize, and improve certain aspects of the exempt offering framework in order to promote capital formation while preserving or enhancing important investor protections. The amendments generally:

Of primary importance is the increase in the offering limits for the following private offering exemptions:

The changes to the rules under the Act take effect 60 days after publication in the Federal Register.

Steptoe & Johnson PLLC has an experienced group of securities attorneys who can help you with any state or federal compliance issues. Please contact the author or a member of the Securities Team with any questions on this alert.


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