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SEC To Hold Round Table On Giving Smaller Companies Flexibility In Frequency of Reporting

Posted on May 23, 2019 by PubCoCEO Staff Leave a comment

On Monday, the SEC announced a Staff Roundtable on Short-Term / Long-Term Management of Public Companies, Our Periodic Reporting System and Regulatory Requirements. One of the potential topics for consideration presented by SEC Chairman Jay Clayton is; “The potential for certain categories of reporting companies, such as smaller reporting companies, to be given flexibility to determine the frequency of their

Public Company Compliance

Martha Miller Named Advocate for Small Business Capital Formation

Posted on December 26, 2018 by PubCoCEO Staff Leave a comment

The Securities and Exchange Commission today announced that Martha Legg Miller has been named as the first Advocate for Small Business Capital Formation. The position and the new Office of the Advocate for Small Business Capital Formation were created pursuant to the bipartisan SEC Small Business Advocate Act of 2016. As the Advocate for Small Business Capital Formation, Ms. Miller

SEC Expands the Scope of Smaller Public Companies that Qualify for Scaled Disclosures

Posted on June 29, 2018 by PubCoCEO Staff Leave a comment

Yesterday, the Securities and Exchange Commission voted to adopt amendments to the “smaller reporting company” (SRC) definition to expand the number of companies that qualify for certain existing scaled disclosure accommodations. “I want our public capital markets to be a place where smaller companies can thrive and thereby provide our Main Street investors with more access to investing options where

Public Company Compliance

SEC Charges Transfer Agent and Its Principal with Fraud for Misappropriating Client Funds

Posted on January 29, 2018 by PubCoCEO Staff Leave a comment

Last week, the SEC filed a complaint in U.S. District Court for the District of Nevada against Quicksilver Stock Transfer, LLC, a Las Vegas-based registered transfer agent, and its president and sole owner, Alan Shinderman alleging that they misappropriated approximately $630,000 of client funds. The SEC alleged that, in August 2013, Quicksilver received wire transfers totaling $1.45 million for the benefit

Public Company Compliance

SEC Chairman Shares Concerns Over Fewer Public Companies with House Committee

Posted on October 12, 2017 by PubCoCEO Staff Leave a comment

In his first hearing before the House Financial Services Committee since he took the helm of the SEC, Jay Clayton (SEC Chairman) discussed the troubling trend of fewer public companies. Clayton said that “without IPOs of growing companies, we have a shrinking and generally more mature portfolio of public companies. This is a significant concern. A shrinking proportion of public

Opening Remarks before the SEC Advisory Committee on Small and Emerging Companies

Posted on September 19, 2017 by PubCoCEO Staff Leave a comment

SEC Chairman Jay Clayton discusses the transition from the ACSEC to the New Small Business Capital Formation Advisory Committee and the SEC’s search for the ‘Advocate for Small Business Capital Formation’ in his opening remarks before the SEC Advisory Committee on Small and Emerging Companies on September 13, 2017. SEC Chairman Jay Clayton: “Good morning everyone, and thank you, Steve [Graham] and

In First Public Speech, SEC Chairman Discusses Importance of IPO Market

Posted on July 17, 2017 by PubCoCEO Staff Leave a comment

Jay Clayton gave his first public speech on Wednesday as Securities and Exchange Commission chairman, telling the Economic Club of New York that he’s in charge of an agency that has much more discretion over its agenda than his predecessor, Mary Jo White. In his speech, Clayton focused on disclosure overload and the unintended consequences of overregulation for hampering capital formation. In particular,