SEC Announces Formation of Advisory Committee on Small and Emerging Companies

The SEC announced the new committee whose purpose is set out in the excerpt below:

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.

“Our capital markets are a critical source of funding for emerging companies and smaller public companies,” said SEC Chairman Mary Schapiro. “That is why a key component in our agency’s mission is to facilitate capital formation while at the same time protecting investors. This new advisory committee will increase the input we receive from the small business community.”

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.

You can read the full text of the announcement here.

D. Bryan Willis

D. Bryan Willis

Bryan Willis is a Tyler lawyer providing legal services across Texas in the areas of business law, litigation, probate, and estate planning.
D. Bryan Willis

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