The three items include:
- Modernizing Rule 147 under the Securities Act of 1933 (impacting intrastate investment crowdfunding)
- Expanding Simplified Disclosures for Smaller Issuers
- Issues Pertaining to the Regulation of Finders and Other Intermediaries in Small Business Capital Formation Transactions
Each recommendation was discussed, some with modification, prior to voting on approval.
While the Commission takes under consideration recommendations forthcoming from ACSEC, there are no rules regarding a formal response nor requirement to abide by recommendations.
See the published draft documents below.
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