OTC Markets Petitions SEC to Expand Online Capital Raising to Reporting Firms

[kreslik.news]

It’s been less than a month since Regulation A+ of the JOBS Act went into effect in the United States – after last year’s rule amendments, and a petition has been filed with the Securities and Exchange Commission (SEC) from OTC Markets Group Inc.

The petition requests further amendments that would enable SEC-reporting firms to participate in this new form of raising capital which could be a big part of the future for US capital markets amid changes in consumer trends and fintech convergences.

Currently, Regulation A+ under Title IV of the JOBS Act, allows companies to raise up either $20 ... (read more)