The Securities and Exchange Commission announced that its Advisory Committee on Small and Emerging Companies (Committee) will hold another public meeting on February 25 to examine the capital formation landscape for small and emerging companies, including data on capital raised in unregistered securities offerings. The Committee serves to provide advice and recommendations to the SEC regarding privately held small businesses and publicly traded companies with a market capitalization of less than $250 million.
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Advisory Committee on Small and Emerging Companies
SEC Advisory Committee on Small and Emerging Companies Makes Recommendations
By Mark J. Reyes, Mark D. Wood & Austin G. Leach on
Posted in Broker-Dealer, SEC/Corporate
On September 23, the Securities and Exchange Commission Advisory Committee on Small and Emerging Companies (Advisory Committee) met to discuss, and submit to the SEC, recommendations regarding (1) public company disclosure effectiveness, focusing on the definition of “smaller reporting company” and disclosures by smaller reporting companies; (2) modernizing Rule 147 under the Securities Act of 1933 (a “safe harbor” for intrastate securities offerings) to facilitate recently enacted and future state-based crowdfunding initiatives; and (3) the regulation of finders and other intermediaries in small business capital formation transactions. Additionally, the SEC announced its renewal of the Advisory Committee (the term of which was originally scheduled to expire in September 2015) for an additional two years.
Continue Reading SEC Advisory Committee on Small and Emerging Companies Makes Recommendations