SEC Proposes Simplified Reporting Requirements for Smaller Companies
Laurence S. Lese and David J. Miller - Duane Morris LLP
September 6, 2007
On July 5, 2007, the Securities and Exchange Commission proposed rule amendments regarding disclosure and reporting requirements for smaller companies under the Securities Act of 1933 and the Securities Exchange Act of 1934. The proposed amendments would have the effect of extending the benefits of the current scaled disclosure and reporting requirements for smaller companies to those companies with a public float of less than $75 million (up from $25 million), while simultaneously simplifying the rules applicable to these smaller reporting companies.
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