In April 2012 the JOBS Act became law. The main purpose of the Act was to stimulate development of new businesses in order to create more jobs. As part of the stimulus plan the SEC was directed to develop rules that would make it easier for entrepreneurs to access capital in order to launch and grow businesses. Finally on July 10, 2013 the SEC announced a Final Rule designed to remove some of the barriers associated with the historical complexity for raising capital.
Download the complete article here: JOBS Act and REG D Rule 506