When President Barack Obama signed the Jumpstart Our Business Startups (JOBS) Act into law on April 5, it ushered in a new era for U.S. securities law and for companies of all sizes that access U.S. capital markets. In-house lawyers at those companies need to be aware of the changes that benefit their companies.
The JOBS Act represents the biggest change to the rules for conducting private placements of securities since the Securities Act of 1933. It also made important changes to the way companies will conduct initial public offerings, and it reduced the regulatory burden on most newly public companies.
