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The Securities and Exchange Commission (SEC) has introduced a new rule to help businesses, especially small and medium-sized ones, raise capital more easily while still protecting investors. This rule simplifies and organizes the framework for certain types of exempt offerings, allowing these businesses to access investment opportunities while closing gaps and reducing complexities in the existing regulations. These changes also include specific new guidelines for how businesses can communicate their offerings and increased limits on how much they can offer and invest. The final rule is effective from March 15, 2021, with some specific provisions effective at varying dates.

The Securities and Exchange Commission (SEC) has extended the deadline for smaller broker-dealers to file their annual reports by 30 days, due to challenges these firms face in securing audit services within the crowded audit season following the fiscal year end. According to FINRA, this extra time will help alleviate the pressure on smaller broker-dealers, who often rely on manual processes and face limited availability of independent auditors. The extension is available to broker-dealers who meet specific conditions, such as having less than $50 million in capital and liabilities, being in compliance with certain rules, and using electronic filing to submit reports. This move aims to ensure quality in financial reporting without compromising investor protections.