Archives: Advisory Committee on Small and Emerging Companies
Recommendations
- Final Report of the SEC Advisory Committee on Small and Emerging Companies (September 2017)
- Recommendation Regarding Securities Act Rule 701 (September 21, 2017)
- Recommendation Regarding the Regulation of Finders and other Intermediaries in Small Business Capital Formation (May 15, 2017)
- Recommendations Regarding Secondary Market Liquidity for Regulation A Securities (May 15, 2017)
- Recommendation Regarding Corporate Board Diversity (February 16, 2017)
- Recommendations Regarding the Accredited Investor Definition (July 20, 2016)
- Recommendations Regarding the Regulation of Finders and Other Intermediaries in Small Business Capital Formation Transactions (September 23, 2015)
- Recommendations about Expanding Simplified Disclosure for Smaller Issuers (September 23, 2015)
- Recommendation to Modernize Rule 147 under the Securities Act of 1933 (September 23, 2015)
- Recommendation Regarding the "4(1½) Exemption" (June 11, 2015)
- Recommendations Regarding the Accredited Investor Definition(March 9, 2015)
- Recommendation on the Proposed Amendments to Regulation D, Form D, and Rule 156 under the Securities Act (September 17, 2013)
- Recommendations Regarding Trading Spreads for Smaller Exchange-Listed Companies (February 1, 2013)
- Recommendation Regarding Specialized Disclosure Requirements (February 1, 2013)
- Recommendations Regarding Disclosure and Other Requirements for Smaller Public Companies (February 1, 2013)
- Recommendation Regarding Separate U.S. Equity Market for Securities of Small and Emerging Companies (February 1, 2013)
- Recommendation Regarding Improving Access to Public Markets for Small and Emerging Companies (February 1, 2012)
- Recommendations Regarding Registration Requirements and Reporting Obligations under Securities Exchange Act of 1934 (February 1, 2012)
- Recommendation Regarding Relaxing or Modifying Restrictions on General Solicitation in Certain Private Offerings of Securities (January 6, 2012)
Press Materials
- SEC Announces Agenda for September 23 Meeting of the Advisory Committee on Small and Emerging Companies, Sept. 18, 2015
- SEC Advisory Committee on Small and Emerging Companies to Hold Conference Call Meeting, July 8, 2015
- SEC Announces Agenda for June 3 Meeting of the Advisory Committee on Small and Emerging Companies, May 28, 2015
- SEC Announces Agenda for March 4 Meeting of the Advisory Committee on Small and Emerging Companies, Feb. 27, 2015
- SEC Advisory Committee on Small and Emerging Companies to Hold Conference Call Meeting, Jan. 30, 2015
Meeting Materials
- September 13, 2017
- Meeting Notice
- Agenda
- Sunshine Act Notice
- Minutes
- Presentation: William J. Newell, Sutro Biopharma -SOX 404(b): Costs of Compliance and Proposed Reforms
- Presentation: Leonard L. Combs of PwC - SOX 404(b)
- Presentation: Christine McCarthy and Steve Miller: Rule 701
- Discussion Draft of ACSEC Final Report
- Webcast Archive
- Transcript of Meeting (PDF) (text version)
- May 10, 2017
- Meeting Notice
- Agenda
- Sunshine Act Notice
- Minutes
- Presentation: J. Bradford Eichler - Why Have We Seen a Slowdown in IPOS and What Could Drive an Increase?
- Presentation: Robert L. Malin
- Finders - Draft Recommendation
- Secondary Market Liquidity in Reg A - Draft Recommendation
- Webcast Archive
- Transcript of Meeting (PDF) (text version)
- February 15, 2017
- Meeting Notice
- Sunshine Act Notice
- Agenda
- Minutes
- Presentation: Glen Giovannetti - EY - Why are more companies staying private?
- Presentation: James Hutchinson - Goodwin - Why are more companies staying private?
- Handout from Patrick Reardon – Comparison of Public vs. Private Companies
- DRAFT Recommendation on Corporate Board Diversity
- Webcast Archive
- Transcript of Meeting (PDF) (text version)
- December 7, 2016
- October 5, 2016
- July 19, 2016
- May 18, 2016
- February 25, 2016
- Meeting Notice
- Sunshine Act Notice
- Minutes
- Agenda
- Presentation: Access to Capital by Jeffrey E. Sohl
- Presentation: Access to Capital by Brian Knight
- Presentation: Private Securities Offerings post-JOBS Act by Scott W. Bauguess, SEC Division of Economic and Risk Analysis
- Webcast Archive
- Transcript of Meeting (PDF) (text version)
- September 23, 2015
- Meeting Notice
- Sunshine Act Notice
- Minutes
- Archived webcast
- Transcript of Meeting (PDF) (text version)
- Agenda
- Discussion Draft: Recommendation to Modernize Rule 147 under the Securities Act of 1933
- Discussion Draft: Recommendations about Expanding Simplified Disclosure for Smaller Issuers
- Discussion Draft: Recommendations Regarding the Regulation of Finders and Other Intermediaries in Small Business Capital Formation Transactions
- July 15, 2015
- June 3, 2015
- Agenda
- Sunshine Act Notice
- Archived webcast
- Meeting Notice
- Transcript of Meeting (PDF) (text version)
- Minutes
- Recommendation Regarding the Section 4(a)(1½) Exemption
- State Based Crowdfunding — Presentation by Michael S. Pieciak
- Notable by Their Absence: Finders and Other Financial Intermediaries in Small Business Capital Formation, by Gregory C. Yadley
- March 4, 2015
- Agenda
- Meeting Notice
- Archived webcast
- Transcript of Meeting (PDF) (text version)
- Minutes
- Recommendations Regarding the Accredited Investor Definition
- Discussion Draft of Accredited Investor Recommendations
- NASAA Multi-state Coordinated Review Program
- Secondary Trading Developments — Presentation by Annemarie Tierney
- The U.S. Need For Venture Exchanges — Presentation by David Weild
- Market Infrastructure for Private and Unregistered Securities — Presentation by Vincent Molinari
- Feb. 17, 2015
- Meeting Notice (Postponed, see Amended Notice)
- Dec. 17, 2014
- Transcript (pdf) (text)
- Minutes
- Archived webcast
- Press Release: SEC Announces Agenda for Next Meeting of the Advisory Committee on Small and Emerging Companies
- Press Release: SEC Announces Next Meeting of the Advisory Committee on Small and Emerging Companies
- Presentation on Accredited Investor Pool
- Presentation on Angel Investors
- Sunshine Act Notice
- Meeting Notice
- September 17, 2013 Meeting
- Press Release (includes agenda)
- Notice of Meeting
Federal Register (78 FR 53489): HTML | PDF | text | XML - Comments Received - File No. 265-27
- Presentation Slides
- Angel Capital Association Views
- Discussion of the JOBS Act - The Impact on Companies and Markets One Year Later and New Ideas for Capital Formation
- Alexander F. Cohen and Joel H. Trotter, Latham and Watkins LLP
- Alexander F. Cohen, Kirk A. Davenport II, Dana G. Fleischman, John S. Kim, Anthony J. Richmond, Joel H. Trotter, Latham and Watkins LLP
- Jeffrey M. Solomon, Chief Executive Officer, Cowen and Company
- John J. Borer III, Senior Managing Director and Head of Investment Banking at The Benchmark Company, LLC
- Webcast
- Transcript of Meeting (PDF) (text version)
- May 1, 2013 Meeting
- Press Release (includes agenda)
- Sunshine Act Notice
- Notice of Meeting
Federal Register (78 FR 21432): HTML | PDF | text | XML - Comments Received - File No. 265-27
- Presentation Slides
- Webcast
- Transcript of Meeting (PDF) (text version)
- February 1, 2013 Meeting
- September 7, 2012 Meeting
- Notice of Meeting
Federal Register: HTML | PDF | text | XML - Comments Received — File No. 265-27
- Press Release Announcing Meeting
- Agenda
- Background Materials
- Presentation Slides (Market Structure Issues and Impact on Initial Public Offerings)
- Jay Ritter — Cordell Professor of Finance, Warrington College of Business Administration, University of Florida
- David Weild — Chairman and CEO of Capital Markets Advisory Partners, and Head of the Capital Markets Group of Grant Thornton LLP and Edward Kim, Managing Director, Capital Markets Advisory Partners and Managing Director of the Capital Markets Group of Grant Thornton LLP
- Presentation Slides (Disclosure Rules for Smaller Public Companies)
- Transcript of Meeting (PDF) (text version)
- Notice of Meeting
- June 8, 2012 Meeting
- Notice of Meeting
Federal Register: HTML | PDF | text | XML - Comments Received — File No. 265-27
- Press Release Announcing Meeting
- Agenda
- Background Materials
- Presentation Slides (Market Structure Issues and Impact on Initial Public Offerings)
- Presentation Slides (Scaling Disclosure and Corporate Governance Rules for Smaller Public Companies)
- Webcast
- Transcript of Meeting
- Notice of Meeting
- February 1, 2012 Meeting
- January 6, 2012 Meeting
- Notice of Meeting
Federal Register: HTML | PDF | text | XML - Comments Received — File No. 265-27
- Press Release Announcing Conference Call Meeting
- Agenda
- Communications among Members of SEC Advisory Committee on Small and Emerging Companies Relating to Recommendation for Consideration During January 6, 2012 Conference Call Meeting
- Webcast
- Notice of Meeting
- October 31, 2011 Meeting
- Notice of Meeting
Federal Register: HTML | PDF | text | XML - Comments Received — File No. 265-27
- Press Release Announcing Meeting
- Press Release Announcing Agenda
- Agenda
- Background Materials
- Webcast
- Transcript of Meeting
- Presentation Slides (Overview of Selected Issues)
- Presentation Slides (Unregistered Offerings and the Regulation D Exemption)
- Notice of Meeting