Remarks at the 44th Annual Small Business Forum
· Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission (United States)
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MT · Mark T. Uyeda · U.S. Securities and Exchange Commission WikiRemarks at the 44th Annual Small Business ForumContextSpeech by Mark T. Uyeda, Chair of the U.S. Securities and Exchange Commission.
Why it mattersThe acting SEC chair proposes widening who can invest in private companies.
Problems raised- Early-stage capital raising costs too much in legal fees.
- Few individuals qualify to invest in private companies.
- Reporting duties weigh heavily on small public firms.
Solutions proposed- Design rules with proportionate compliance costs.
- Consider new ways to qualify as an accredited investor.
- Harmonise company size categories and scale disclosure.
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