While the Securities and Exchange Commission’s package of proposals aimed at easing the financial reporting burden for small companies includes some welcome reforms, not all of the changes will be helpful, panelists at an SEC roundtable recently said.
Participants at last week’s annual SEC Government-Business Forum on Small Business Capital Formation praised some of the proposed ideas, such as easier rules to sell securities to a new category of large accredited investors. Other proposals, such as longer waiting periods for some transactions, were less popular.
