www.mozilla.com Weather Central
Voices
Headlines

New security system will check Wichita school visitors against sex offender database -8/20/2014, 4:46 PM

Kansas students above average on ACT; fewer met math readiness benchmarks -8/20/2014, 4:46 PM

Kansas gas prices continue to fall -8/20/2014, 4:46 PM

Happiness at Holcomb: Students, teachers excited for first day of class -8/20/2014, 4:46 PM

Fire damages apartment building in El Dorado -8/20/2014, 4:46 PM

Dick's opens sporting goods store in Garden City -8/19/2014, 4:46 PM

Salina firefighters to participate in Fill the Boot -8/19/2014, 3:52 PM

Plenty of food options for hungry car enthusiasts at BlackTop Nationals -8/19/2014, 3:51 PM

Empac CEO Gordon Rogers set to retire -8/19/2014, 3:51 PM

Dr. Trent Davis to fill city seat -8/19/2014, 3:51 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