In Canada – each province and territory has its own securities commission that regulate the securities industry in that province or territory.
The JOBS Act is a law that encouraged the growth of small businesses in the US by easing various securities regulations. It was signed into law by President Obama on April 5, 2012.
The JOBS act allows small businesses to accept investments from private individuals, or "crowdfunding" without making an Initial Public Offering ("IPO").
In September 2013, the US Government and the SEC made significant changes to the 1934 Securities Act by enacting Title II of the US Jobs Act. Title II allows platforms like InvestX Financial to market private companies to accredited investors.
Before Title II, private companies could only raise money from "friends and family" or people that they had an existing relationship with. They could not advertise generally, which included the internet.
These changes are also happening in Canada and more than 20 additional countries globally, creating a massive disruption in the way capital is invested by retail investors.