We’re approaching the third anniversary of the Jumpstart Our Business Startups (JOBS) Act, an omnibus bill of far-reaching financial reforms that was signed into law by President Barack Obama on April 5, 2012. Containing seven titles, the legislation’s intent was, and is, to create cost-effective access to capital for companies of all sizes. Title II and Title III, the Access to Capital for Job Creators and Crowdfunding Acts respectively, focused on early-stage companies, aiming to make the startup financing process more accessible and efficient. Title II did so by creating a new securities exemption, Rule 506(c) of Regulation D, that allows for companies to publicly advertise their investment offerings, maintaining, however, that only accredited investors — high-net-worth individuals — can invest in such offerings. Some have called this “accredited crowdfunding...

http://techcrunch.com/2015/03/29/the-jobs-act-is-progress-but-much-remains-to-be-done/