SEC eases rules on stock offerings under US$50m

摘要

US regulators have adopted a new rule that will scale back the states' powers to police some public stock offerings, a move that advocates say will spur more capital-raising and critics claim that it could lead to more fraud. In a public meeting on Wednesday, the securities and exchange commission voted unanimously to revamp the Reg A rule for such small and mid-sized public stock deals. The final rule automatically preempts state "blue sky laws" for stock deals valued at more than US$20m and up to US$50m, meaning those companies would not have to register their deals in every state before they can be sold.