On Wednesday, small businesses got a new way to raise millions of dollars in investments without going public.
The U.S. Securities and Exchange Commission approved changes to a little-used regulation that will now let companies sell up to $50 million in securities to outside investors every year.
“These new rules provide an effective, workable path to raising capital that also provides strong investor protections,” SEC Chair Mary Jo White said. “It is important for the Commission to continue to look for ways that our rules can facilitate capital-raising by smaller companies.”
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