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JOBS Act Lifts PPVIP Limits |
August 24, 2012
Previously published on Spring 2012
The Jumpstart Our Business Startups Act was signed into law on April 5, 2012, for the purpose of facilitating American job creation and economic growth. While it makes a variety of changes in the ways small and medium-sized businesses may gain access to capital, the JOBS Act also comes with a few notable regulatory changes for private placement variable insurance products (PPVIP). These products are typically offered only to accredited investors in reliance on Rule 506 of Regulation D and Section 3(c)(1) or 3(c)(7) of the Investment Company Act.
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The views expressed in this document are solely the views of the author and not Martindale-Hubbell. This document is intended for informational purposes only and is not legal advice or a substitute for consultation with a licensed legal professional in a particular case or circumstance. |
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