The SEC wants to figure out how to make it easier for small businesses to raise capital without endangering investors.
To that end, the SEC has established a new advisory committee, set to run for two years, which will make non-binding recommendations to the commission.
The committee will focus on ‘rules, regulations, and policies’ relating to how small business can access the capital markets and meet the corporate governance and reporting requirements involved. Excluded from the committee’s focus, however, are any ‘policies, practices, actions or decisions concerning the commission’s enforcement program’. For the committee’s purposes, small business means ‘emerging privately held small businesses’ and publicly traded companies with less than $250 million in public market capitalization.
To read the full, original article click on this link: SEC provides support to small business
Author:Abigail Caplovitz Field
