SEC Proposes to Ease Restrictions on Compensatory Offerings to Employees, “Platform Workers” and Other Service Providers

the Securities and Exchange Commission (the “SEC”) proposed amendments that would ease restrictions on compensatory securities offerings to employees and other service providers under Rule 701 and Form S-8, both implemented under the Securities Act of 1933, as amended (the “Securities Act”). At the same time, the SEC also proposed a temporary five-year expansion of Rule 701 and Form S-8 eligibility for certain compensatory offerings to “platform” or “gig economy” workers. READ MORE