Regulators, particularly securities regulators, are normally a conservative and risk averse lot, generally preferring fraud prevention to economic efficiency. However sometimes they can come up with some brilliant pieces of economically empowering regulation, particularly when pushed by the political powers that be and when faced with the prospect of a challenging national economic environment.

This is what happened in the United States on March 25, 2015, when the SEC finally enacted the amendment to Regulation A (commonly known as Regulation A+), which the SEC had been legally and politically mandated to enact by Congress since 2012 under Title IV of the JOBS Act.






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