SEC Proposes Amendments to Exchange Act Registration Requirements

January 9, 2015

As mandated by the JOBS Act, the SEC recently proposed changes to the thresholds for registration, termination of registration and suspension of reporting under Section 12(g) of the Exchange Act. The proposals would, among other things, amend applicable rules: (1) to reflect new thresholds established by the JOBS Act, (2) to apply the accredited investor definition in Rule 501(a) of the Securities Act to determinations of record holders under the Exchange Act, and (3) to exclude securities held by persons who received them in exempt transactions under an employee compensation plan when calculating holders of record for Exchange Act registration requirements. Read theĀ SEC press release.

View All Ticker Posts