October 19, 2010
SEC Requests Comment on Reducing 404(b) Burden on Smaller Public Issuers
The SEC is requesting public comment related to a study of how the Commission could reduce the burden of complying with Section 404(b) of the Sarbanes-Oxley Act of 2002 for companies whose public float is between $75 million and $250 million, while maintaining investor protections for such companies, and whether any methods of reducing the compliance burden or a complete exemption for such companies from the auditor attestation requirement in Section 404(b) would encourage companies to list on exchanges in the United States in their initial public offerings. This study is required by the Dodd-Frank Wall Street Reform and Consumer Protection Act.
TrackBack URL for this entry:
Listed below are links to weblogs that reference SEC Requests Comment on Reducing 404(b) Burden on Smaller Public Issuers: