The Securities and Exchange Commission has released final rules on how companies can comply with a requirement in the Jumpstart Our Business Startups Act that investors are properly accredited. These rules are rendered into an easy-to-read chart in this article.
Detroit's bankruptcy filing is the largest municipal one in U.S. history. The city has more than $18 billion in outstanding liabilities. Other mammoth municipal bankruptcies include Stockton, Calif., at $700 million; San Bernardino, Calif., at $1 billion; and Orange County, Calif., at $1.7 billion.