Published on Jul 14th, 2016 | Posted in Articles

The Securities and Exchange Commission today announced the agenda for the July 19 meeting of its Advisory Committee on Small and Emerging Companies.  The Committee will focus on the first year of Regulation A+, recommendations related to the definition of an “accredited investor,” and the Commission’s recent proposal to amend the definition of “smaller reporting company.”


The meeting on July 19 will begin at 9:30 a.m. in the multipurpose room at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C., and is open to the public.  It will be webcast live on the SEC’s website and archived on the website for later viewing. 

The committee provides a formal mechanism for the SEC to receive advice and recommendations on privately held small businesses and publicly traded companies with a market capitalization less than $250 million.

Members of the public who wish to provide their views on the matters to be considered by the committee may submit comments electronically or on paper.  Please submit comments using one method only.  Information that is submitted will become part of the public record of the meeting.

Electronic submissions:

Use the SEC’s Internet submission form or send an e-mail to

Paper submissions:

Send paper submissions to Brent Fields, Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington, D.C. 20549-1090.

All submissions should refer to File Number 265-27, and the file number should be included on the subject line if e-mail is used.



9:30 a.m.

Co-Chairs Stephen Graham and Sara Hanks call meeting to order


Introductory Remarks by Chair Mary Jo White and Commissioner Kara Stein

10:00 a.m.

Consider “Accredited Investor” Definition Recommendation as discussed at May 18th Meeting

10:30 a.m.

Regulation A+ Update and Review

  • Update from SEC Division of Corporation Finance staff on the usage of Regulation A+ in its first year
  • Presentation from Paul Elio, CEO and Chairman of Elio Motors Inc., a company that conducted a Regulation A+ offering
  • Discussion by Committee Members

12:00 p.m.

Lunch Break

1:30 p.m.

Regulation A + (Continued)

  • Presentation by Daniel Zinn, General Counsel, OTC Markets Group regarding secondary trading of Regulation A+ shares

2:30 p.m.

SEC Proposal to Amend the “Smaller Reporting Company” Definition

  • Briefing from SEC Division of Corporation Finance staff regarding the Commission’s proposal issued June 27, 2016 to amend the “Smaller Reporting Company” Definition
  • Discussion by Committee Members

3:30 p.m.


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