SEC Adds Its Voice to Those Looking for “Equity”-ble Treatment of Gig Workers - New SEC Proposal Modernizes Rule 701 and Form S-8

The Securities and Exchange Commission (the “SEC”) recently proposed temporary rules that would permit companies to offer equity compensation to “platform workers” who provide services available through the company’s technology-based platform. The proposed changes would amend Rule 701 promulgated under the Securities Act of 1933 (which permits non-reporting companies to issue equity compensation to employees) and Form S-8 (which permits simplified registration by reporting companies of securities to be issued as equity compensation). READ MORE