Cooley JOBS Act Resource Center

Cooley Alerts

SEC Lifts Ban on General Solicitation in Certain Private Placements: What Does it Mean for Entrepreneurs?

On July 10, 2013, the Securities and Exchange Commission finally implemented one of the key provisions of the JOBS Act by adopting amendments to Rule 506 of the Securities Act of 1933 and eliminating the decades-old ban on general solicitation and general advertising in certain private offerings (in other words, in a sale of securities of a company that is not publicly traded).

What does the Jumpstart Our Business Startups ("JOBS") Act Mean for Private Investment Funds?

The JOBS Act was signed into law by President Obama on April 5, 2012. Although the primary effect of the JOBS Act is to ease certain regulatory requirements on emerging growth companies (see here and here), we highlight below two key provisions of the JOBS Act that are particularly relevant to managers of private investment funds.

The JOBS Act Relaxes Requirements For Going Public And Being Public

On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act, which goes by the deft acronym of the "JOBS" Act. As its stated purpose, the Act is designed to increase job creation and economic growth by improving access to the public capital markets for emerging growth companies. Whether it will accomplish that goal remains to be seen.

The JOBS Act (Jumpstart Our Business Startups Act) - What Does It Mean for Entrepreneurs?

On March 27, 2012, the House passed the JOBS Act, as amended by the Senate on March 22, 2012. President Obama signed the bill into law on April 5, 2012.

The JOBS Act substantially changes a number of laws and regulations in a way that is designed to make it easier for emerging companies to raise capital privately and stay private longer. The Act also is designed to make it easier for companies to go public and reduce regulatory burdens on certain newly public companies. We highlight below key provisions of the JOBS Act and what they mean for entrepreneurs.

Video Updates

August 2013 – JOBS Act Update

Jim Fulton, partner-in-charge of Cooley's New York office, discusses new JOBS Act regulations, changes to the general solicitation laws, and how the new regulations will impact startup fundraising.

May 2012 – Intro to the JOBS Act

Business partner Pat Mitchell discusses the JOBS Act and what it means for emerging companies going public, remaining private and raising capital.

August 2011 – Return of the IPO

Eric Jensen discusses successful IPO collaboration and why 2011 could be a banner year for companies going public.

SEC Resources

SEC Seeks Public Comment Prior to JOBS Act Rulemaking(4/11/2012)

Jumpstart Our Business Startups Act Frequently Asked Questions: Generally Applicable Questions on Title I of the JOBS Act(4/16/2012)

Jumpstart Our Business Startups Act Frequently Asked Questions: Changes to the Requirements for Exchange Act Registration and Deregistration(4/11/2012)

Jumpstart Our Business Startups Act Frequently Asked Questions: Confidential Submission Process for Emerging Growth Companies(4/10/2012)

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