SIFMA and the Security Traders Association raised concerns about legislative proposals on capital formation and corporate governance currently under consideration by the U.S. Senate Committee on Banking, Housing and Urban Affairs.
The SEC accepted offers of settlement in two enforcement actions involving "disclosure violations that deprived investors of material information during battles for corporate control of publicly traded companies."
The SEC submitted an information collection request, titled "Simplification of Disclosure Requirements for Emerging Growth Companies and Forward Incorporation by Reference on Form S-1 for Smaller Reporting Companies,” to the Office of Management and Budget for review and clearance under the Paperwork Reduction Act of 1995. The SEC Notice was published in the Federal Register.
The SEC adopted interim final amendments to the rules and forms that implement Sections 71003 and 84001 of the Fixing America's Surface Transportation ("FAST") Act (H.R. 22). The amendments revise SEC (i) Forms S-1 and F-1, to allow emerging growth companies to omit financial information for certain historical periods, and (ii) Form S-1, to allow smaller reporting companies to use incorporation by reference in their future filings. The adopted amendments were published in the Federal Register.
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