March 4, 2015
When you issue the final regulations to implement Section 401 of the JOBS Act, please clarify the requirement of audited financials in the Form 1-A:
Does that mean that a startup company cannot use Regulation A+ since it will not have any financial history to audit? Or does it mean that IF a company has been in existence for at least 12 months, it must include audited financial statements?
Thanks.
Tom Selz