www.mozilla.com Weather Central
Voices
Headlines

Survey aims to help Sedgwick County voters judge the judges -7/21/2014, 10:26 AM

Kansas pilots volunteer time, planes to rescue dogs -7/21/2014, 10:24 AM

Two men fall from balcony near Pawnee, Broadway -7/21/2014, 10:23 AM

Water witcher, well digger stay busy -7/21/2014, 10:22 AM

Western Kansas family knows value of water -7/21/2014, 10:21 AM

Americans For Prosperity mailer part of smear campaign, says Kansas GOP legislator -7/19/2014, 6:13 PM

Prison time tossed by lack of speedy trial -7/19/2014, 6:11 PM

Third resentencing ordered in baby in dryer case -7/19/2014, 6:10 PM

Great Plains hosts foreign dealers -7/19/2014, 6:09 PM

Officials, potential customers welcome new grocery store -7/19/2014, 6:08 PM

Official: Drug suspected in triple fatality could have been even more dangerous than LSD -7/19/2014, 6:06 PM

myTown Calendar

SPOTLIGHT
[var top_story_head]

Kan. regulator loosens rules for local investments

Published on -6/26/2013, 6:45 AM

Printer-friendly version
E-Mail This Story

TOPEKA, Kan. (AP) -- A Kansas regulator has loosened the rules for small businesses trying to raise capital by selling stock within the state.

Interim Securities Commissioner Josh Ney announced Tuesday that he increased the limit on how much businesses are allowed to accept from a single investor to $5,000. It had been $1,000.

Ney issued an order last week modifying what's known as the Invest Kansas Exemption in the state's securities regulations. The exemption allows Kansas businesses to raise $1 million in capital within the state without having to register the stock they sell with the state as securities.

The exemption was enacted in August 2011 and is aimed at allowing small, local investors to start new businesses. It's been used to start a variety store in Stafford and a grocery in Minneola.

digg delicious facebook stumbleupon google Newsvine
More News and Photos

Associated Press Videos