On April 5, 2012, President Obama signed into law the Jumpstart Our Business Startups Act (JOBS Act). On September 23, 2013, a fundamental part of the JOBS Act officially became law. Specifically, the decades-old ban on general solicitation or general advertising was lifted for certain private securities offerings.
Many people may still be unsure about the exact specifications of this Act. The infographic below, designed by VerifyInvestor.com, provides a helpful guide to understanding it better.