SEC Panel Proposes Easing Regulation On Small Businesses

Law360, New York (February 1, 2012, 12:00 AM EST) -- A U.S. Securities and Exchange Commission small business advisory committee on Wednesday reportedly recommended increasing the threshold triggering mandatory SEC registration to companies with at least 1,000 owners, but declined to vote on easing restrictions on fundraising for small, privately held companies.

The Advisory Committee on Small and Emerging Companies voted to recommend increasing the number of owners a company can have before being required to register with the SEC from 500 to 1,000, according to a report by Bloomberg.

The committee also recommended making the...
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