The U.S. Securities and Exchange Commission is forming a small-business committee to review fundraising rules for small private firms that critics say hinder access to capital and are stunting economic growth.
Testifying before the House Oversight and Government Reform Committee on Tuesday, SEC Chair Mary Schapiro said the new division will focus on “regulatory questions posed by new capital-raising strategies,” among other issues.
“Cost-effective access to capital for companies of all sizes plays a critical role in our national economy, and companies seeking access to capital should not be burdened by unnecessary or superfluous regulations,” Schapiro said.
To read the full, original article click on this link: SEC to Form Small-Business Committee - In Charge - WSJ
Author: Angus Loten