From: William S. Fagan
We were pleased to see that the SEC's Advisory Committee on Smaller Public Companies recommended that the SEC amend Exchange Act Rule 12g5-1 to interpret "held of record" in Exchange Act Sections 12(g) and 15(d) to mean held by actual beneficial holders.
This recommendation deserves a very priority. Too many investors in smaller public companies have been hurt by companies taking advantage of this loophole.
Please assign a high priority to this recommendation.
William S. Fagan