September 19, 2011
SEC Announces Roundtable on Microcap Securities
The SEC announced that it will host a public roundtable on Oct. 17 to discuss "the unique regulatory issues" surrounding the execution, clearance, and settlement of microcap securities. It will feature in-depth discussions of key regulatory issues including Anti-Money Laundering monitoring, compliance challenges, and potential changes to the regulatory framework. Panelists will include representatives from The Deposit Trust Company, broker-dealers, the Financial Industry Regulatory Authority and others.
The roundtable is being sponsored by the SEC’s Microcap Fraud Working Group, a joint initiative of the Division of Enforcement and Office of Compliance Inspections and Examinations.
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