The US Securities and Exchange Commission (SEC) has reportedly proposed a measure that would allow gig workers to get up to 15% of their compensation in stock.
This proposal is mainly aimed towards pre-public companies and would change securities laws to make it easier for these businesses to offer that stock to these workers and employees, according to an article from Bloomberg.
Many of those working in the gig economy after often considered contractors, not employees, making stock offerings tough. Earlier in the month, companies including Uber, Lyft and DoorDash won a referendum in California that enables them to continue compensating drivers as independent workers, it claims.
SEC chairman Jay Clayton said, “Work relationships have evolved along with technology, and workers who participate in the gig economy have become increasingly important to the continued growth of the broader U.S. economy.
“The rules we are proposing today are intended to allow platform workers to participate at a measured level — up to 15% of their compensation — in the growth of the companies that their efforts support.”
Copyright © 2018 RegTech Analyst
