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Information on the new Regulation A Tier 2 Offering market soon to be quoted on the OTC Markets.
The new rules update and expand Regulation A, an existing exemption from registration for smaller issuers of securities. The rules are mandated by Title IV of the Jumpstart Our Business Startups (JOBS) Act.
The updated exemption will enable smaller companies to offer and sell up to $50 million of securities in a 12-month period, subject to eligibility, disclosure and reporting requirements. Read full story: https://www.sec.gov/news/pressrelease/2015-49.htm