SEC Amends Definitions of Accelerated Filer and Large Accelerated Filer

The SEC has issued a final rule, Amendments to the Accelerated Filer and Large Accelerated Filer Definitions. The final rule allows “smaller issuers that have been public for more than five years, but have not yet reached $100 million in revenues, to continue to benefit from the JOBS Act exemption as they build their businesses, while maintaining important investor protections.”

For more information, see the press release on the SEC’s Web site.