The Securities Act of 1933 requires that any offer to sell securities in the United States be registered with the Securities and Exchange Commission or meet specific qualifications for exemption. A Regulation A is an exemption from the registration requirements, which allows companies to raise up to $50 million from accredited and non-accredited investors through a public offering. A Regulation A+ is a newer type of Regulation A that was created by the JOBS Act and allows companies to raise up to $75 million from accredited and non-accredited investors. A Regulation D is another type of exemption that allows companies to raise an unlimited amount of money from accredited investors.