SEC Government-Business Forum Report

The final report from the forum held in November 2016 was recently published. The recommendations of the forum often provide the Securities and Exchange Commission with insights regarding measures that could promote capital formation. The report identifies as its three highest priority recommendations the following:

Maintaining the monetary thresholds that are part of the accredited investor definition but expanding the categories of qualifications for accredited investor status along the lines discussed in the Commission's report on the accredited investor standard; Moving forward with the Commission's proposed amendments to the definition of smaller reporting company; and Leading a joint effort with FINRA and NASAA to...