The Securities and Exchange Commission today announced that its Advisory Committee on Small and Emerging Companies will hold a public meeting by conference telephone call on February 17.
The advisory committee plans to vote at the upcoming meeting on recommendations to the Commission regarding the definition of an “accredited investor.” The committee’s vote follows its Dec. 17, 2014 meeting which focused on the accredited investor definition. Under the federal securities laws, certain securities transactions are exempt from registration if the securities are sold to accredited investors.
The meeting will begin at 2:00 p.m. ET and live audio will be available on the SEC’s website.
The Advisory Committee on Small and Emerging Companies provides a formal mechanism for the Commission to receive advice and recommendations on privately held small businesses and publicly traded companies with a market capitalization less than $250 million. More information about the advisory committee is available here.