Category: Smaller Reporting Company

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On June 18th, 2020, The Office of the Advocate for Small Business Capital Formation virtually hosted the SEC’s 39th annual Government-Business Forum on Small Business Capital Formation. The SEC Chairman Jay Clayton, Commissioner Hester M. Peirce, Commissioner Elad L. Roisman, and Commissioner Allison Herren Lee gave introductory remarks. Given below are excerpts from the chairman
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Rule 15c6-1(a) – From T+3 to T+2 In March 2017, the Securities and Exchange Commission (SEC) amended Rule 15c6-1(a), shortening the settlement cycle from T+3 to T+2. The “T” in “T+2” and “T+3” stands for transaction date, the date that a transaction occurs. T+ (1, 2 or 3) represents the settlement date, the date that
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On June 8, 2017, the House of Representatives passed the Financial CHOICE Act  (“Creating Hope and Opportunity for Investors, Consumers and Entrepreneurs”). The act regulates banking institutions’ qualifying capital through numerous exemptions and policies. Further, the act repeals the Financial Stability Oversight Council’s authority while overhauling multiple parts of the Dodd-Frank Act. The act proposes to
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On April 12, 2017, the Financial Industry Regulatory Authority (FINRA) published three regulatory notices proposing amendments to three of their rules regarding capital formation, corporate financing, and safe harbor, respectively. The first notice describes FINRA as a self-regulatory organization (SRO) with primary emphases on “investor protection” and “market integrity,” while striving to create and empower
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The SEC Advisory Committee on Small and Emerging Companies met on February 25, 2016 to discuss access to capital and private offerings. This Committee was organized by the SEC to provide advice on any rules, regulations, and policies and was designed to protect investors. In the Committee’s discussion of capital and private offerings, they listened