Private Equity: Jobs Act Title II, A Major Regulatory Change

Regs Watch, a periodic update on changes in regulation for private equity published by Opalesque.com, drew attention to the JOBS Act Title II that went live yesterday. Calling it a change that “marks one of the biggest for private financing options in recent memory,” Regs Watch says private investing finally meets the Internet. Hitherto, small businesses, startups, and private companies were not allowed to solicit investments in their business. All that will now change. Here are some key excerpts from an interview with Crowdfunder CEO Chance Barnett. The important change As of yesterday, the ban on solicitation has been lifted,…