Insights
Client Alert: SEC Proposes Amendments to Smaller Reporting Company Definition
The Securities and Exchange Commission (the “SEC”) recently proposed amendments to the “smaller reporting company” definition, which could increase the number of registrants that qualify for the category. The proposal is intended to promote capital formation and reduce compliance costs for registrants, while maintaining investor protections. This Client Alert (see link above), issued by the Wyrick Robbins Capital Markets Practice Group, discusses the current and proposed criteria to qualify as a smaller reporting company and the potential impact of the SEC’s proposal on registrants.