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SEC Announces Agenda for Feb. 1 Meeting of Advisory Committee on Small and Emerging Companies



Washington, D.C., Jan. 28, 2013 — The Securities and Exchange Commission today announced the agenda for a meeting of its Advisory Committee on Small and Emerging Companies being held this Friday, February 1.

The Committee will consider recommendations about trading spreads for smaller exchange-listed companies, creation of a separate U.S. equity market limited to sophisticated investors for small and emerging companies, and disclosure rules for smaller reporting companies.

The meeting will begin at 9:30 a.m. in the multi-purpose room at the SEC’s Washington D.C. headquarters. Public seating will be on a first-come, first-served basis. The event will be webcast live on the SEC website and will be archived for later viewing.

Members of the public who wish to provide their views on the matters to be considered by the Advisory Committee may submit comments using the comment form on the SEC’s website or by sending an e-mail to Include File Number 265-27 on the subject line. The SEC also accepts paper comments. Please send paper submissions in triplicate to Elizabeth M. Murphy, Secretary, Securities and Exchange Commission, 100 F Street, N.E., Washington, D.C. 20549-1090, and refer to File Number 265-27. Any comments submitted will be made available to the public.

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9:30 a.m.

Opening Remarks

  • Elisse B. Walter, SEC Chairman
  • M. Christine Jacobs and Stephen M. Graham, Advisory Committee Co-Chairs
  • Lona Nallengara, Acting Director of SEC Division of Corporation Finance
10:15 a.m.

Discussion and Consideration of Recommendations and Committee Statement:

  • Recommendation with regard to increasing tick sizes for securities of smaller companies traded on U.S. securities markets.
  • Recommendation with regard to encouraging the creation of a new exchange for small and emerging companies.
  • Recommendation with regard to expansion of Commission rules providing for scaled disclosure and other requirements for small public companies.
  • Statement of the Committee’s opinion with regard to disclosure requirements that are outside of the scope of the Commission’s mission.


1:15 p.m.

Continue Discussion & Consideration of Recommendations/Committee Statement

3 p.m.

Discussion of Next Steps/Closing Comments

3:30 p.m.

Meeting Concludes