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Category Archives: Advisory Committee on Smaller and Emerging Companies

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Investor Advisory Committee Meeting

Posted in Advisory Committee on Smaller and Emerging Companies, SEC News

The SEC Investor Advisory Committee will hold its next meeting on Thursday, April 9, 2015, beginning at 9.30am.  The meeting will be webcast on the SEC’s website.  The agenda includes a discussion of the recommendations of the SEC Advisory Committee on Small and Emerging Companies.  The full agenda may be found here:  https://www.sec.gov/spotlight/investor-advisory-committee-2012/iac040915-agenda.htm.

Developments from Meeting of Advisory Committee on Small and Emerging Companies

Posted in Advisory Committee on Smaller and Emerging Companies

The Committee discussed:  Regulation A+; secondary market trading for private securities; venture capital exchanges; and the accredited investor definition.  The presentation materials are available from the SEC website at http://www.sec.gov/info/smallbus/acsec.shtml. In the introductory remarks made by Commissioner Gallagher, he emphasized the importance of taking steps in order to promote liquidity in the market for private… Continue Reading

Advisory Committee on Small and Emerging Companies Meets Wednesday

Posted in Advisory Committee on Smaller and Emerging Companies

The SEC’s advisory committee will meet this Wednesday to discuss and address means of promoting secondary market liquidity for the securities of small and emerging companies, including addressing the Section 4(a)(1-1/2) exemption, as well as to vote on a recommendation regarding the “accredited investor” definition.  The session will be webcast and available from the SEC’s… Continue Reading

Advisory Committee to Vote on Accredited Investor Definition

Posted in Advisory Committee on Smaller and Emerging Companies

The SEC announced that its Advisory Committee on Small and Emerging Companies will hold a public meeting on February 17 in order to vote on recommendations to the SEC regarding the definition of an “accredited investor.”  In prior posts, we noted that the Committee had discussed revisions to the current accredited investor definition in order… Continue Reading

Advisory Committee will Consider Accredited Investor Definition

Posted in Accredited Investor Standard, Advisory Committee on Smaller and Emerging Companies, SEC News

The SEC announced that at the December 17th meeting of the Advisory Committee on Small and Emerging Companies, the group will focus on the definition of “accredited investor.”  As we have written in prior posts, the Dodd-Frank Act requires that every four years the SEC consider the definition.  In addition, following the relaxation of the… Continue Reading

Venture Exchanges in the U.S. and Right-Sized Disclosure Requirements

Posted in Advisory Committee on Smaller and Emerging Companies, SEC News

In a recent speech delivered at a Futures Industry Association conference (see full text here: http://www.sec.gov/News/Speech/Detail/Speech/1370540289361), Commissioner Gallagher raised the possibility of a venture exchange.  Commissioner Gallagher addressed broader market structure issues in his remarks; however, he devoted a substantial portion of the speech to the benefits that might be associated with a venture exchange… Continue Reading

September 17 Meeting of SEC Advisory Committee on Small and Emerging Companies

Posted in Advisory Committee on Smaller and Emerging Companies

Today, the SEC announced the agenda for the upcoming meeting of the Advisory Committee on Small and Emerging Companies.  The discussion is expected to include the final rules adopted by the Commission in July to eliminate the general solicitation ban and disqualify bad actors from certain securities offerings and its proposal for further amendments to… Continue Reading

Advisory Committee on Small and Emerging Companies

Posted in Advisory Committee on Smaller and Emerging Companies

The SEC has made available the archived version of the webcast from the most recent meeting, held on May 1, 2013.  The meeting included presentations from Duncan Niederauer, Chief Executive Officer of NYSE Euronext, and William Hambrecht, CEO of WR Hambrecht + Co., as well as discussions with several Commissioners.  The webcast is accessible from… Continue Reading

Agenda for May 1 Meeting of Advisory Committee On Small and Emerging Companies

Posted in Advisory Committee on Smaller and Emerging Companies

The next meeting of the Advisory Committee will be held on May 1st, beginning at 9:30 am, and will be webcast on the SEC’s website.  It is anticipated that the presentations will address various JOBS Act related matters.  The SEC announced that the Committee will hear presentations from Robert Greifeld, Chief Executive Officer of NASDAQ… Continue Reading

Advisory Committee Webcasts Available; Committee Recommendations Discussed

Posted in Advisory Committee on Smaller and Emerging Companies

The SEC has made available links to the webcasts from Friday’s meeting of the Advisory Committee on Smaller and Emerging Companies.  You may access the morning session at http://www.sec.gov/news/otherwebcasts/2013/acsec020113.asx and the afternoon session at http://www.sec.gov/news/otherwebcasts/2013/acsec020113-2.asx.  Chairman Walter began the meeting with a few opening remarks, which may be accessed here: http://www.sec.gov/news/speech/2013/spch020113ebw.htm.  Chairman Walter invited the… Continue Reading