JOBS Act: Title II and the SEC

September 6, 2013

Washington, D.C.
By invitation only


On July 10, the SEC voted to implement Title II of the JOBS Act by lifting the ban on general solicitation for private offerings, while simultaneously submitting proposed rules pertaining to new Rule 506(c) disclosure and filing requirements. The lifting of the ban will take place September 23, presumably allowing the SEC at least some time to observe how the industry will develop before finalizing potential new regulations. The public will have until September 23 to comment on the proposed regulations.

The Milken Institute, in partnership with the Georgetown University Law Center, will convene a roundtable discussion of diverse perspective and stakeholder groups to delve into the proposed SEC regulations and explore what the lifting of the ban is likely to mean for entrepreneurs, investors, market participants and policymakers. This roundtable builds on a discussion we convened nearly one year ago on "Crowdfunding: Maximizing the Promise and Minimizing the Peril,." At that session, we explored key questions surrounding the use, impact and regulation of securities crowdfunding. Now, given recent SEC action, we have the opportunity to explore specific rules and rule proposals and will be able to impact the rulemaking process as the SEC seeks to balance the need for regulatory oversight with ensuring the economic viability of new capital access tools.

For more information, please contact Julianne Brands at