www.mozilla.com Weather Central
Voices
Headlines

Defendant in Fairmount Park attack now charged with capital murder -11/26/2014, 2:54 PM

Weigand shuffles executive leadership -11/26/2014, 2:54 PM

Share the Season: Son's hospital stay put mom behind on bills -11/26/2014, 2:54 PM

Sedgwick County property tax bills went out this week, some incorrectly -11/26/2014, 2:54 PM

Injured vet, family find reasons to be thankful through hard times -11/26/2014, 2:54 PM

Foster dad pleads guilty to involuntary manslaughter in baby's death in hot car -11/26/2014, 2:54 PM

WSU to dedicate upgraded lab to study electrical power -11/24/2014, 4:55 PM

Wilbur Middle School employee placed on leave after arrest -11/24/2014, 4:55 PM

Wichita investors announce plan for southeast Kansas casino -11/24/2014, 4:55 PM

Executive Airshare expanding service into San Antonio -11/24/2014, 4:55 PM

Cut-your-own Christmas tree farm to open -11/24/2014, 4:55 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