September 13, 2011
SEC Forms Advisory Committee on Small Businesses
The SEC announced the formation of the Advisory Committee on Small and Emerging Companies to focus on interests and priorities of small businesses and smaller public companies. The committee is intended to provide a formal mechanism through which the Commission can receive advice and recommendations specifically related to privately held small businesses and publicly traded companies with less than $250 million in public market capitalization.
The advisory committee will advise and consult with the Commission on such issues as:
- Capital raising through private placements and public securities offerings.
- Trading in the securities of small and emerging and small publicly traded companies.
- Public reporting requirements of such companies.
Recently, the staff of the Commission began a review of the SEC’s rules related to the triggers for public reporting and rules restricting general solicitation in private securities offerings. The Commission will seek input from the committee in these two areas among others.
TrackBack URL for this entry:
Listed below are links to weblogs that reference SEC Forms Advisory Committee on Small Businesses: