Another post on the new law…..JOBS Act…. with answers to some of our questions on what is next.
Excerpt introduction…….The following post comes to us from Latham & Watkins LLP, and was coauthored by Latham and thirteen other firms, who are listed at the end of the memorandum. The memo is available here.
President Obama signed into law this week the Jumpstart Our Business Startups Act (JOBS Act). Title II of the JOBS Act affects offerings by issuers pursuant to Regulation D under the Securities Act, as well as resales under Securities Act Rule 144A. In particular: