Tag Archives: SEC Chairman

Martha Miller Named Advocate for Small Business Capital Formation

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

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

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

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

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

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SEC Chairman Shares Concerns Over Fewer Public Companies with House Committee

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

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

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

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

  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,

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