Increased Fees for SEC Filers; SEC Oversight Hearing Streaming Live Tomorrow Morning!

September 23, 2019

On August 23, the SEC issued a fee advisory, setting the filing fees that public companies and other issuers will pay in fiscal year 2020 to register their securities with the SEC. Effective October 1, the fees paid under Section 6(b) of the Securities Act of 1933 to register securities will increase from $121.20 per million dollars to $129.80 per million dollars, an increase of 7.1 percent. For example, a company registering $10 million of common stock will see their registration fee increase from $1,212 to $1,298.

In other SEC news, on September 24, the U.S. House Committee on Financial Services will hold a hearing titled “Oversight of the Securities and Exchange Commission: Wall Street’s Cop on the Beat.” The meeting, which will feature the participation of all five SEC Commissioners, will be held at 10:00 a.m. (EDT), and will be streamed via live webcast.

The five-page Committee Memorandum circulated in advance of the meeting contains an informative primer on the history and role of the SEC that may be helpful for newcomers. The memo also suggests that several hot topics will be discussed at the meeting, including: the relative sizes of the private and public markets; environmental, social and governance (ESG) disclosures by public companies; the impact of the Supreme Court’s 2017 decision in Kokesh v. SEC on the SEC’s enforcement actions; the application of the federal securities laws to cryptocurrency; and Regulation Best Interest.

View All Ticker Posts