Remarks at the Small Business Capital Formation Advisory Committee Meeting
· Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission (United States)
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PS · Paul S. Atkins · U.S. Securities and Exchange Commission WikiRemarks at the Small Business Capital Formation Advisory Committee MeetingContextSpeech by Paul S. Atkins, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe SEC considers changes to make Regulation A a practical route for small firms to raise capital.
Problems raised- Regulation A is little used for raising capital.
- At-the-market offerings are not allowed under it.
- Compliance costs are disproportionate for small issuers.
Solutions proposed- Study how firms use Regulation A.
- Consider allowing at-the-market offerings.
- Make the framework workable for all issuers, with strong anti-fraud enforcement.
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