SEC continues to issue FAQs on the JOBS Act

The SEC has been issuing a steady stream of FAQs on the newly enacted JOBS Act.  On Monday, the SEC’s Division of Trading and Markets issued a set of FAQs on the JOBS Act addressing crowdfunding intermediaries.  Last week, the Division of Corporation Finance issued more FAQs on JOBS Act issues such as qualifications for emerging growth companies, confidential submissions of initial registration statements for emerging growth companies, and the extent of relief from disclosure and accounting rules for emerging growth companies.