Tagged: acsec

SEC Chairman Jay Clayton Comments on Final ACSEC Meeting as Transition to New Committee Commences

Yesterday the final meeting of the Securities and Exchange Commission’s Advisory Committee on Small and Emerging Companies (ACSEC) took place in Washington, DC. ACSEC, launched in 2011, will now transition over to the Small Business Capital Formation Advisory Committee – an entity with a similar… Read More

SEC Advisory Committee on Small and Emerging Companies Meeting – Washington, DC

The Securities and Exchange Commission Advisory Committee on Small and Emerging Companies (ACSEC) will hold a public meeting on Wednesday, September 13, 2017, in Multi-Purpose Room LL-006 at the Commission’s headquarters, 100 F Street, NE, Washington, DC. The meeting will begin at 9:30 a.m. (ET)… Read More

SEC Advisory Committee on Small and Emerging Companies to Meet on September 13

  The Securities and Exchange Commission (SEC) has scheduled the next meeting of the Advisory Committee on Small and Emerging Companies (ACSEC) to take place on September 13.  As part of the agenda, ACSEC will discuss the Sarbanes-Oxley Act auditor attestation requirement and explore whether… Read More

NASAA Reports Downward Trend in Enforcement Actions

There were several interesting presentations at the most recent SEC Advisory Committee on Small and Emerging Companies (ACSEC) meeting last month.  One of the reports came from the North American Securities Administrators Association (NASAA) – the group that represents and lobbies on behalf of state… Read More

ACSEC Makes Recommendations on Finders & Other Intermediaries

The SEC Advisory Committee on Small and Emerging Companies (ACSEC) discussed the regulation of “Finders” at their most recent meeting in Washington, DC. Finders can act as a vital catalyst in matching investors to smaller companies yet there is “significant uncertainty” in the regulation of… Read More

Here is the Recommendation Letter on Reg A+ Secondary Market Liquidity Shared by ACSEC [u]

The SEC’s Advisory Committee on Small and Emerging Companies (ACSEC) addressed questions about secondary market liquidity in Reg A+ securities last week at their meeting in DC.  The Committee members reviewed challenges and demands for facilitating secondary transactions. Providing liquidity is an important aspect of… Read More

SEC Chair Jay Clayton Tells ACSEC Members Capital Formation will be Priority During His Tenure

In his first appearance as the Chair of Securities and Exchange Commission, Jay Clayton delivered a brief statement to the members of the Advisory Committee on Small and Emerging Companies (ACSEC).  At the meeting, which took place today (May 10, 2017), Clayton told all in… Read More

“Cost of Going Public is Onerous”: Presentation Deals with Declining IPO Market (Deck)

At the SEC’s meeting of the Advisory Committee on Small and Emerging Companies (ACSEC), a presentation was delivered on the slowdown in US IPOs and what could possibly be done to increase the moribund IPO market. In the past ten years, the number of public… Read More

WRHambrecht Reviews Reg A+ Market & Challenges at ACSEC (Deck)

Robert L. Malin, Managing Director and Head of Equity Capital Markets at WR Hambrecht + Co, delivered a presentation today at a meeting of the SEC’s Advisory Committee on Small and Emerging Companies (ACSEC) on the emerging Reg A+ market.  Hambrecht is a broker dealer… Read More

SEC Publishes Agenda for May 10th ACSEC Meeting

The Securities and Exchange Commission (SEC) has published the agenda for the May 10 meeting of its Advisory Committee on Small and Emerging Companies (ACSEC). At this meeting, ACSEC will discuss the underwriting of small offerings and will receive updates from SEC staff about the… Read More

SEC Schedules Next Advisory Committee on Small & Emerging Companies Meeting

SEC Advisory Committee On Small And Emerging Companies (ACSEC) has scheduled a meeting for May 10, 2017. The ACSEC meeting will commence at 9:30AM and will take place at the SEC Headquarters. The public is invited to these meetings but the SEC typically live-streams the… Read More

EY: Public Listings Have Declined by More than 50% Since 1996 Peak (Deck)

As part of the SEC Advisory Committee on Small and Emerging Companies meeting last week, there were two presentations on the decline of IPOs in the US. The first was provided by the law firm Goodwin was shared earlier on Crowdfund Insider. Also in attendance… Read More

Acting SEC Chairman Piwowar Talks Crowdfunding & Small Business Advocate to Open ACSEC Meeting

SEC Acting Chair Michael Piwowar was present to open the meeting of the Advisory Committee on Small and Emerging Companies (ACSEC) last week. Piwowar, a Republican appointee, took the opportunity to highlight several policy issues. While pointing to the importance of small business as the… Read More

Why Are More Companies Staying Private? (Deck)

Why are more companies staying private? That’s a good question. Many moons ago, it was the ambition of most young promising companies to get big enough to “go public” and do an initial public offering (IPO). Becoming a listed company was viewed as a stamp… Read More

Forthcoming ACSEC Meeting to Tackle Several Important Issues: Secondary Markets & Dearth of IPOs

The SEC’s Advisory Committee on Small and Emerging Companies (ACSEC) is scheduled to meet in Washington, DC next week at SEC HQ.  On the Committee’s agenda are two important issues: Secondary market liquidity for Regulation A Tier 2 and non-exchange listed companies and why companies are… Read More

SEC Advisory Committee on Small & Emerging Companies Schedules Public Call for December 7th

The SEC Advisory Committee on Small & Emerging Companies (ACSEC) has scheduled a conference call for its next public meeting. The December 7 meeting of ACSEC will begin at 11:00 a.m. ET and live audio will be available on the SEC’s website.  According to the… Read More

SEC ACSEC Meeting Agenda for October 5th

The Securities and Exchange Commission (SEC) has announced the agenda for the Advisory Committee on Small and Emerging Companies (ACSEC) meeting scheduled for October 5th. The Committee will be reviewing regulation S‑K disclosure requirements, research regarding corporate board diversity, and outreach to smaller companies about… Read More

ACSEC Submits Final Recommendations on Definition of Accredited Investor

The SEC Advisory Committee on Smaller and Emerging Companies (ACSEC) has submitted its final recommendations to the Commission regarding the definition of an accredited investor. ACSEC has continued to advocate on behalf of its thesis that the SEC “should do no harm” and not reduce nor… Read More

Elio Motors is About a Year from Production (Deck)

Paul Elio presented at the SEC ACSEC meeting yesterday (July 19th), and as part of his presentation regarding his experience with raising capital online via Reg A+, Elio stated that his company, Elio Motors (OTCQX:ELIO), is about a year away from production. The entire video should… Read More