Full SEC Proposals Coming
By David Feldman at 2 June, 2007, 7:43 pm
Watch this week for the full text of most of the six major smaller public company rule proposals from the SEC (keep checking http://www.sec.gov/rules/proposed.shtml, or just wait until I report shortly thereafter). As we know, only brief summaries of the key aspects of the proposals were discussed in an SEC open hearing on May 23, and since then we’ve been awaiting the complete release of the proposals.
I assume, as is often the case, that there are a number of aspects of the proposals which have not yet been made public. Hopefully the as yet undisclosed parts of the text will be additional positive, happy news for smaller issuers and their financing partners. Yet we always worry that the “fine print” takes more than it gives. As I am the eternal optimist (which sometimes gets me in trouble!), I am hopeful that I will be reporting by the end of the week some additional goodies for the beleaguered (sp?) small and microcap world.
Hopefully the very positive momentum created by last week’s announcements will be maintained and strengthened. Fingers crossed!
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