ABSTRACT
In an effort to jump-start the entrepreneurial economy, the JOBS (Jumpstart Our Business Startups) Act created a new provision in the Securities Act of 1933 Section 4(6) that allows Emerging Growth Companies (EGCs) to raise up to $1 million in any 12-month period by selling securities through authorized intermediaries, subject to certain limitations on the matter of the offering and by limiting the amount any person is permitted to invest.
