Following are videos from the Office of the Advocate for Small Business Capital Formation and are meant to provide a high-level summary of relevant rulemakings or events.
Proposed Amendments to the Accredited Investor Definition
The SEC voted to propose amendments to the definition of accredited investor, one of the principal tests for who is eligible to participate in our private capital markets.
Related Information:
- Press Release: SEC Proposes to Update Accredited Investor Definition to Increase Access to Investments
- Comments on Proposed Rule: Amending the "Accredited Investor" Definition
- Submit comments on S7-25-19
Modernizing the Rule Governing Quotations for Over-the-Counter Securities (Rule 15c2-11)
The SEC proposed amendments to modernize the rule that broker-dealers must comply with before quoting securities in the over-the-counter market– or OTC market, including changes to increase the availability of information about over-the-counter companies.
Related Information:
- Press Release: SEC Proposes Amendments to Enhance Retail Investor Protections
- Comments on Modernizing the Rule Governing Quotations for Over-the-Counter Securities (Rule 15c2-11)
- Submit Comments on S7-14-19
Reaching New Heights - Conversations on Raising Capital for Businesses of Color
The SEC’s Office of the Advocate for Small Business Capital Formation and Atlanta Regional Office co-hosted an event with Morehouse College to focus on capital raising for minority entrepreneurs. More about the event here.
How to Comment: Engage in the Rulemaking Process
The SEC’s Office of the Advocate for Small Business Capital Formation breaks down how easy it can be to comment on proposed rulemakings.
Comment on Ways to Harmonize the Exempt Offering Framework
The SEC requested comment on ways to simplify, harmonize, and improve the exempt offering framework to expand investment opportunities while maintaining appropriate investor protections and to promote capital formation. More information here.
Related Information:
- Press Release: Comment on Ways to Harmonize the Exempt Offering Framework
- Comments on Ways to Harmonize the Exempt Offering Framework
- Submit Comments on S7-08-19
Accelerated Filer Proposed Amendments (404(b))
The SEC proposed amendments to tailor the accelerated and large accelerated filer definitions, which impact which companies must provide the Sarbanes-Oxley Rule 404(b) independent auditor attestation on management’s assessments of its internal controls. More information here.
Related Information:
- Press Release on Accelerated Filer Proposed Amendments (404(b))
- Comments on Proposed Rule: Amendments to the Accelerated Filer and Large Accelerated Filer Definitions
- Submit Comments on S7-06-19
Simplifying the M&A Accounting Rules (3-05)
The SEC proposed amendments to improve disclosures relating to acquisitions and dispositions of businesses under Rules 3-05, 3-14, and Article 11 of Regulation S-X. More information here.
Related Information: