The JOBS Act loosens reporting, oversight and advertising rules for companies trying to raise investor funds.
The law allows companies with less than $1 billion in revenue to disclose less information to investors.
The law allows non-accredited investors to invest in startups through crowdfunding and “mini-IPOs”.
The intended purpose of the JOBS Act was to revitalize the small business sector after the financial crisis, help entrepreneurs start businesses, grow current businesses, and get Americans back to work.
Deregulation under the Jobs Act helps businesses access finance, but also increases the risk of investors being scammed.
The Depository Trust and Clearing Corporation (DTCC) is a financial services company that provides clearing and settlement services for financial markets.
An Export Trading Company (ETC) deals with exports for clients, focusing on all legal requirements and regulations that a company must follow before a country will allow its goods to be exported.
The term “incumbent” has many different meanings, although it usually refers to a person who currently holds duties in a corporation or branch of government.