Published on Sep 18th, 2015 | Posted in Articles

The Securities and Exchange Commission today announced that the next meeting of its Advisory Committee on Small and Emerging Companies will focus on adopting recommendations related to intrastate crowdfunding, the treatment of so-called “finders” that assist companies in capital raising activities, and improving public company disclosure.

“I am pleased that the advisory committee is moving forward with recommendations on these important topics,” said SEC Chair Mary Jo White.  “Having pointed input from the small business community and the public is essential as we continue our efforts to facilitate capital formation.”

The meeting will be held at the SEC’s headquarters at 100 F Street, N.E., Washington, D.C., and is open to the public.  It also will be webcast live on the SEC’s website,, and will be archived on the website for later viewing. 

The advisory 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 advisory 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 Call Meeting to Order

Introductory Remarks by Chair Mary Jo White, Commissioners, and Division of Corporation Finance Director Keith Higgins

10:00 a.m.

Consideration of Written Recommendation on Public Company Disclosure Effectiveness

10:30 a.m.

Consideration of Written Recommendation on Securities Act Rule 147

11:00 a.m.

Consideration of Written Recommendation on the Treatment of “Finders”

11:30 – 12:00

Administrative Session

12:00 – 1:30

Lunch Break

1:30 – 3:00

Roundtable Discussion about Frequency of Ongoing Reporting

3:00 p.m.