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.
Latest posts by Bryan Willis (see all)
- How Do I Probate a Will If I’ve Been Appointed Executor - July 31, 2018
- Key Child Custody Terms in Texas - July 24, 2018
- Estate Planning 101 - July 20, 2018