A week ago, the Securities and Exchange Commission, as required by the Fixing America's Surface Transportation (FAST) Act, released a proposal to simplify and modernize Regulation S-K, which governs most public company disclosure. None of the proposals individually is that huge, but as a group...
A number of liberal groups filed a lawsuit today to challenge Pres. Trump's January 30 executive order that for every new regulation an agency must eliminate two old regulations. The lawsuit says it requires agencies to be "arbitrary," which they would not be allowed to...
As expected, in one of his final acts in office a few weeks ago, Pres. Obama signed the SEC Small Business Advocate Act of 2016 into law. This bill had pretty wide bipartisan support in Congress. Like most good ideas, it's pretty simple. It sets...
Following up on positive statements by senior SEC staffers at the recent PLI Securities Law seminar and the SEC small business forum in November, the Commission also recently issued a white paper on how things are going under updated Regulation A, now known as Regulation...
We'll be back at the SEC again in a few weeks for their annual Government-Business Forum on Small Business Capital Formation (ye olde GBFSBCF). There we listen to panels in the morning, and have breakout sessions in the afternoon where recommendations are developed and presented....
Sometimes they listen! The SEC today releases a proposal that would increase the number of companies eligible to be "smaller reporting companies." SRCs get the benefits of reduced disclosure over other public companies. Two years of financial statements instead of three, for example. Currently you...